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Sunday, March 31, 2019

U.S. Government Finances Still Deteriorating


https://www.truthinaccounting.org/news/detail/us-government-finances-still-deteriorating

The federal government released the annual report of the U.S. Government for fiscal 2018 this afternoon. The government’s finances deteriorated significantly, and more recent reports suggest the trend is only getting worse in 2019.

Our measure of the unfunded federal debt rose from $101 trillion in 2017 to $105 trillion at fiscal year-end 2018. Extending that figure to end-of-March 2019 leads to a current estimate of $107 trillion, or about $707,000 per taxpayer (based on individual income tax filings).

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