What Americans Don’t Know about Their Government’s Debts

Fergus Hodgson, September 7, 2022  rss iTunes  SoundCloud-logo Bitchute 

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US national debt, adding up pension and medical liabilities, is around $919,000 per taxpayer. Sheila Weinberg, founder and CEO at Truth in Accounting, explains how many obligations do not appear on federal and local governments’ accounting, in contrast to private-company reporting.

Weinberg perceives more citizens are becoming interested in debt numbers, now that inflation is affecting their pockets. For them, she recommends staying aware and critical of their governments’ fiscal management, since some—such as Illinois—have decided to leave out pensions and other retirement benefits completely from their debt reports.

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