Sunday, December 13, 2020

Some info for you about US federal government debt.

  • Current "National Debt" $27 TRILLION. This number is ONLY the amount owed by US gov. to US Treasury bond holders/purchases. Individuals, corporations, countries. Does not include unfunded liabilities like SS, Medicare, etc. which equal $156 TRILLION. 
  • Again, this info is US federal gov. only (not state or municipal) debt and unfunded (promises to pay but no money in fund to pay for it) SS and Medicare. 
  • Does not include unfunded Medicaid funding, government employee pensions (military/federal gov employees), VA medical shortfalls.
A link to my blog posts about debt over the years. Note the date of each article. https://muskegonpundit.blogspot.com/search?q=federal+debt&max-results=20&by-date=false

"Debt Clock" link. https://www.usdebtclock.org/ 

Below: SS/Medicare/other unfunded liability only. Note "liability per citizen".

Compare with "Assets per Citizen":

Note "US Federal Debt to GDP Ratio" growth at bottom of image.

Happy days!

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