News — Financing
The Impact of Government Spending on Every Citizen's Financial Burden
Posted by Robert Norton on
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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