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Treasury data reveals federal shortfall of $614,000 per U.S. household
Newly published data from the U.S. Treasury shows that the federal government has amassed $76.4 trillion in debts, liabilities, and unfunded Social Security and Medicare obligations. This amounts to $614,000 for every household in the U.S., a burden that equals 90% of the nation’s private wealth, including the combined value of every American’s assets in real estate, corporate stocks, small businesses, bonds, savings accounts, cash, and personal goods like automobiles and furniture […]