U.S. Government

 

*For an explanation of the large deficits, please click here.

TIA Data

2018 Financial State of the Union (Released 4/11/2019)

Use Create Your Own Federal Chart to see additional financial and economic data and rhetorical analysis

 
U.S. Government owes more than it owns.
U.S. Government's Taxpayer Burden™ is $693,000, and received an "F" from TIA.
U.S. Government is a Sinkhole without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of the government's bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, including unfunded Social Security and Medicare promises.
U.S. Government only has $3.8 trillion of assets available to pay bills totaling $108.9 trillion.
Because U.S. Government doesn't have enough money to pay its bills, it has a $105.1 trillion financial hole. To fill it, each taxpayer would have to send $693,000 to the federal government.
Although the Treasury Department does not include unfunded Social Security and Medicare promises on the federal balance sheet, these liabilities are included in this analysis.
 

Other Resources

Financial Report of the U.S. Government

Publishing Entity: U.S. Department of Treasury

IN THE NEWS
Millions are fleeing high-tax states to pursue a low-cost American Dream

JANUARY 24, 2020 | NEW YORK POST | by Ryan Fazio

After the Connecticut General Assembly passed a billion-dollar tax hike in 2015, General Electric warned they might move their corporate headquarters out of the state if then-Gov. Dannel Malloy signed the bill. Malloy went ahead, and the following year General Electric announced the elimination of hundreds of jobs as they packed up the headquarters they’d called home for over 40 years.

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