U.S. Government

Chart showing the U.S. Deficit compared to the true deficit from 2000-2018

TIA Data

2018 Financial State of the Union (Released 4/11/2019)

 
U.S. Government owes more than it owns.
U.S. Government's Taxpayer Burden™ is $693,000, and received an "F" from TIA.
U.S. Government is a Sinkhole without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of the government's bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, including unfunded Social Security and Medicare promises.
U.S. Government only has $3.8 trillion of assets available to pay bills totaling $108.9 trillion.
Because U.S. Government doesn't have enough money to pay its bills, it has a $105.1 trillion financial hole. To fill it, each taxpayer would have to send $693,000 to the state.
Although the Treasury Department does not include unfunded Social Security and Medicare promises on the federal balance sheet, these liabilities are included in this analysis
 

Other Resources

Financial Report of the U.S. Government

Publishing Entity: U.S. Department of Treasury

IN THE NEWS
Amtrak accounting tricks cover up losses

SEPTEMBER 13, 2019 | DOWNSIZING THE FEDERAL GOVERNMENT | by Randal O’Toole

Amtrak recently announced that it will begin operating nonstop service between New York and Washington in 2 hours and 35 minutes in September. This would be exciting were it not for the fact that this is slower than trains operated before Amtrak 50 years ago. In 1969, the Penn Central Railroad ran trains between New York and Washington in just two hours and thirty minutes.

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