So, I bet you haven’t hear this piece of information.  Did you know that a federal law dictates that the White House and Treasury have to account for the “overall financial position” of the government?  Yep.  And it’s not pretty.  Just Facts Daily reports:

The federal government reported a budget deficit of $666 billion for its 2017 fiscal year, but a new comprehensive accounting published by the U.S. Treasury shows that federal finances deteriorated by $1,157 billion in 2017—a figure 74% worse than the deficit.

So, perhaps if your deficit is 666 billion maybe your should — I don’t know — eliminate a billion or so?  Was the fact that is was $666 billion not enough of a red flag for them?  Here’s more:

Data from this report also shows that the federal government has amassed $89.9 trillion in debts, liabilities, and unfunded obligations. This amounts to more than $700,000 for every household in the U.S., or 92% of the nation’s private wealth. This includes 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.

This was release more than two weeks ago, and no major media outlet has reported on it.  So, each household owes $704,000, and no one in DC —  neither party — is taking this seriously.  Why?  Because they like it this way.  Money is power.  If they can’t tax and spend us into oblivion, then their power decreases.

Our so-called political leaders are thieves, scoundrels and liars… and worse. 

They’re selling out our children’s and grandchildren’s futures, and the media doesn’t even care enough to report on it.

 

Hat Tip: Just Facts Daily

Image Credit: Westover

About The Author

Mark Meckler

Mark was a co-founder of the Tea Party Patriots, and served as the national coordinator. He left the organization to work more broadly on expanding the self-governance movement beyond the partisan divide. Mark appears regularly on television in outlets as diverse as MSNBC, ABC, NBC, Fox News, CNN, Bloomberg, Fox Business and the BBC. He’s highly sought after for the tea party perspective from print and electronic media outlets, from the Wall Street Journal, New York Times, L.A. Times, Washington Examiner, Politico and the The Hill. Mark blogs at MarkMeckler.com, and his opinion editorials regularly run in many of the leading political newspapers both on and offline. Mark has a BA in English from San Diego State University and graduated with honors from University of the Pacific, McGeorge School of Law in 1988. He practiced real estate and business law for almost a decade. For the last eleven years of his legal career he specialized in Internet advertising law. When not fighting for the future of our nation, Mark is an avid horseman, and lives in rural northern California with his wife Patty and two children.