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The more interesting issue here that is not mentioned is that when you include the most conservative estimates on unfunded liabilities (medicare into the future
by landoftheice 4y ago
The more interesting issue here that is not mentioned is that when you include the most conservative estimates on unfunded liabilities (medicare into the future, future medicaid, future social security, other legislated obligations into the future) with this current budget mentioned in the article, you arrive at totals that put the debt load above the total federal tax receipts inncomung.
Luke Gromen has done the math on this and like many things with the USA govt you won't find this specific number but based on other specific govt given numbers you can do the math yourself but basically we've past the point where you need to take out debt to pay previous debts on the federal level.