Santa Barbara Current

Santa Barbara Current

On the Money

The Unofficial Bankruptcy of the United States of America

by Tim Tremblay

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Santa Barbara Current
Oct 26, 2024
∙ Paid

If the U.S. government were a business, it would be in Chapter 13 Bankruptcy. The official U.S. National Debt is now over $35 trillion. This fiscal year’s official U.S. Federal Budget Deficit is now over $2 trillion (the U.S. government takes in $4.9 trillion in tax revenue and spends $6.9 trillion). While the U.S. unfunded liabilities (future liabiliti…

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