Report: Every American Taxpayer Would Owe Almost $700,000 to Pay Down Worsening U.S. Debt
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(Worthy News) – The federal government’s overall financial condition worsened by $4.5 trillion in 2018, according to an analysis from government financial watchdog Truth In Accounting (TIA).
With assets of $3.84 trillion, the federal government’s unfunded liabilities and debt totals $108.94 trillion, leaving a debt burden of $105 trillion.
“Our elected officials have made repeated financial decisions that have left the federal government with a debt burden of $105 trillion, including unfunded Social Security and Medicare promises,” TIA states. “That equates to a $696,000 burden for every federal taxpayer.” [ Source: Washington Free Beacon (Read More…) ]
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