Let me be blunt: our nation is in serious financial trouble, worse than we have been told by our Democrat and Republican “leaders.”
At USDebtClock.org, there are several running counters tracking: the national debt, US Gross Domestic Product, population, defense, and more recently, the Department of Government Efficiency (D.O.G.E). When you go online, hover your computer cursor over any of these counters, and a pop-up box will appear, listing sources like the US Treasury, Congressional Budget Office, the IRS, etc.
As of the writing of this article, here are some raw numbers from the web site in dollars, rounded out for simplicity:
• US National Debt - $37 trillion
• US Federal Tax Revenue - $5 trillion
• US Federal Spending - $7 trillion
• US Debt Held by Foreign Countries – $9 trillion
• US Federal Debt to GDP Ratio – 123.40% (in 1960 it was 52.46%)
Here is the most disturbing number, the number Congressional Democrats and Republicans do not mention.
• US Total Debt - $106 trillion dollars. This number covers the Unfunded Debt/Interest, the unfunded liabilities.
Our national debt, which has been accumulating for over forty years, brings us to one inescapable c ...
