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US Federal Gov’t Has NEGATIVE Net Worth Of $18.2 Trillion (Assets Of Only $3.3 T)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

The US Government Accounting Office just released the federal government’s audited financial statement for 2015. And what a balance sheet it is!

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The Federal government has assets of only $3.3 trillion but liabilities of $21.5 trillion, leaving the US taxpayers with a net worth of … -$18.2 TRILLION!

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The biggest asset on the Federal government’s book? Student loans amount to $1.2 trillion.

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What is worse is that the $18.2 trillion in liabilities do not include the staggering unfunded future liabilities associated with Social Security, Medicare, and Medicaid. A more accurate figure would be around $200 trillion negative net worth.

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Imagine applying for a loan with virtually no assets and $200 trillion in liabilities in net worth!

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Of course, the US has the world’s largest printing press!

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