How much larger are the federal government's debts, liabilities, and unfinanced obligations than its annual revenues?
Correct Answer
Tell Me More
At the close of 2017, the federal government had $88.9 trillion in debts, liabilities and unfinanced obligations. During that year, the federal government collected $3.6 trillion in taxes and other revenues. This is a ratio of 25 to 1. This fiscal shortfall also amounts to $704,391 for every household in the United States.
DocumentationQuantifying the National Debt
Latest Articles
Articles by Topic