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  • Think Uncle Sam Owes $37 Trillion? It's Far Worse Than That

    08/02/2025 8:49:33 PM PDT · by SeekAndFind · 32 replies
    Stark Realities ^ | 08/02/2025 | Brian McGlinchey
    When asked how far the US government has plunged into the red, many fiscally-conscious Americans will tell you the national debt has reached $37 trillion. As distressing as that official number is, America’s true fiscal situation is even worse — far worse. According to a barely-publicized Treasury report, the actual grand total of Uncle Sam’s obligations is more than $151 trillion.That huge discrepancy springs from the fact that the federal government doesn’t hold itself to the same accounting standards it imposes on businesses. Rather than using accrual accounting — which recognizes expenses when they’re incurred — our Washington overlords self-servingly...