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Title : It's Actually Bad: Increment Inward Us Authorities Obligations
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It's Actually Bad: Increment Inward Us Authorities Obligations

As purpose of a multi-person electronic mail exchange, Marc Joffe, senior policy analyst at the Reason Foundation, writes:

Each twelvemonth the Treasury publishes audited financial statements. ( See https://www.fiscal.treasury.gov/fsreports/rpt/finrep/fr/fr_index.htm)

These statements exhibit the federal government’s liabilities using accrual accounting concepts.  Social insurance liabilities are excluded from the residuum sail simply shown inward a divide footnote.  If you lot combine the on in addition to off residuum sail liabilities, you lot should larn a full debt degree of close $71 trillion.  I gathered these statements for the final 17 years in addition to graphed this debt calculation every mo you lot tin run across here: 

Click on nautical chart for larger view.

-RW  

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