Category: Government Debt

The numbers on the US Debt Clock are spinning at a dazzling pace. US government debt is now over $21 trillion, $174 thousand per taxpayer. Add another $3 trillion for debts of state and local government on the stack. Unfunded federal government promises are almost $113 trillion, $900,000 per taxpayer, not including another $6 trillion in state unfunded pension liabilities. […]

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Assuming no reader would want a graphic of a fur ball I looked for a large ball of twine. I discovered friendly competition with several locations claiming the prize for the biggest in the world. Regardless of the winner, the governments and central banks of the world have created a ginormous fur ball that would make this ball of twine […]

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