If the federal benefits owed to federal employees and veterans were accounted for in the national debt-just as private companies are legally required to account for such liabilities-how much would the national debt per U.S. household increase?
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At the end of its 2012 fiscal year, the federal government owed $6.3 trillion in benefits to federal employees and veterans, which amounts to $51,815 per U.S. household. These liabilities are not included in the national debt.
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