Question of the Day

How much larger are the federal government's debts, liabilities, and unfinanced obligations than its annual revenues?

Correct Answer

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At the close of 2016, the federal government had $84.36 trillion in debts, liabilities and unfinanced obligations. During 2016, the federal government collected $3.56 trillion in taxes and other revenues. This is a ratio of 24 to 1.

DocumentationQuantifying the National Debt