May 28, 2022

In Hock

Steven Chase

On Feb. 17, 2022, THE UNITED STATES TREASURY... issued a 258-page report which accurately placed the Government DEBT PER HOUSEHOLD at nearly ONE MILLION DOLLARS. ($955,407)

You never hear about this, because politicians and the Media report only about deficits and budgets, never liabilities, commitments, and unfunded obligations.

The Treasury report shows that the federal government currently owes $10.2 Trillion in pensions and benefits to federal employees; $43.2 Trillion for Social Security and $47.8 Trillion for Medicare shortfalls.

The "Financial Report of the United States Government,” is mandated by a federal law which requires the Treasury and White House to produce a full accounting of the government’s "overall financial position” each year. Beyond the national debt, this also includes the government’s explicit commitments. This methodology uses STANDARD ACCOUNTING practices that the federal government imposes on all corporations.

Posted only as a public service. It is up to us to vote accordingly.

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