Budget Group Says the Actual Federal Debt Is $158.6 Trillion
(The Center Square) – As Americans file their taxes at the last minute this April 15, the federal debt – and Americans’ federal debt burden – continues to grow. While the federal government reports a national debt nearing $37 trillion, one budget watchdog says the figure is actually much higher: $158.6 trillion, amounting to $974,000 for each federal taxpayer. Truth in Accounting, a nonprofit budget accountability group that emphasizes a different approach to government accounting, released those figures, arguing that they more accurately represent the fiscal situation of the federal government.
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Show Notes
(The Center Square) – As Americans file their taxes at the last minute this April 15, the federal debt – and Americans’ federal debt burden – continues to grow. While the federal government reports a national debt nearing $37 trillion, one budget watchdog says the figure is actually much higher: $158.6 trillion, amounting to $974,000 for each federal taxpayer. Truth in Accounting, a nonprofit budget accountability group that emphasizes a different approach to government accounting, released those figures, arguing that they more accurately represent the fiscal situation of the federal government.
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Full story: https://www.thecentersquare.com/national/article_9fe2aaac-eba8-45ac-be32-67be2d90fb35.html
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