News — Financing

The Impact of Government Spending on Every Citizen's Financial Burden

Posted by Robert Norton on

The Impact of Government Spending on Every Citizen's Financial Burden

Our government is spending around 50% of the gross revenue of the country. The real national debt, including the costs of social security, Medicare and Medicaid, is now at $217 trillion in unfunded liabilities. Not the $36 trillion congress pretends is the "debt". The books are cooked. See https://usdebtclock.org/ on the bottom right. This is $644,000 in debt for every citizen (man, woman, child and retired person) in the USA. And $1.569 million for each working taxpayer. When are you paying off yours? How might you help stop an out of control government from spending? *Government spending shown here is ChatGPT's estimate...

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