{"id":42907,"date":"2019-01-17T10:47:16","date_gmt":"2019-01-17T15:47:16","guid":{"rendered":"https:\/\/olduvai.ca\/?p=42907"},"modified":"2019-01-17T10:47:16","modified_gmt":"2019-01-17T15:47:16","slug":"u-s-government-debt-bomb-much-higher-than-americans-realize","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=42907","title":{"rendered":"U.S. Government Debt Bomb Much Higher Than Americans Realize"},"content":{"rendered":"<header class=\"entry-header clearfix\">\n<h3 class=\"entry-title\"><a href=\"https:\/\/srsroccoreport.com\/u-s-government-debt-bomb-much-higher-than-americans-realize\/\">U.S. Government Debt Bomb Much Higher Than Americans Realize<\/a><\/h3>\n<\/header>\n<div class=\"entry-content clearfix\">\n<p>The U.S. Federal debt bomb continues to increase, even with the government shut down.\u00a0 In just one day, the U.S. public debt increased $50 billion on Jan 15th.\u00a0 While the total outstanding Federal debt has now reached nearly $22 trillion, it doesn\u2019t include all U.S. government debt.<\/p>\n<p>That\u2019s correct\u2026 there\u2019s a lot more debt than Americans realize sitting on the balance sheet of the U.S. Government.\u00a0 For example, there are other obligations such as U.S Government Agency Debt that isn\u2019t well-known.\u00a0 According to the\u00a0<a href=\"https:\/\/www.usgovernmentspending.com\/agency_debt\"><strong>USGovernmentSpending.com<\/strong><\/a> website, U.S. Agency debt is the amount of outstanding debt issued by\u00a0federal agencies (such as FHLB and GNMA) and government-sponsored enterprises (such as Fannie Mae and Freddie Mac).\u00a0 The amount of U.S. Agency debt<\/p>\n<p>Then we have also to include State and Local Debt that is not apart of the U.S. Federal public debt.\u00a0 California holds the highest amount of State Debt in the country at $155 billion followed by New York at $141 billion.\u00a0 You can check out the debt of each state here: <a href=\"https:\/\/www.usgovernmentdebt.us\/compare_state_debt\"><strong>Compare State Debt<\/strong><\/a>.<\/p>\n<p>Okay, let\u2019s start adding up all the U.S. Government debt and put it into perspective.\u00a0 The total U.S. Federal debt is $21.97 trillion while U.S. Agency debt comes in at a whopping $9.26 trillion and State-Local Debt is $3.1 trillion:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19706\" src=\"https:\/\/dizgpp7sc1t8t.cloudfront.net\/wp-content\/uploads\/2019\/01\/Total-US-Federal-Agency-State-Local-Debt-JAN14-2018.png?x65756\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" srcset=\"https:\/\/dizgpp7sc1t8t.cloudfront.net\/wp-content\/uploads\/2019\/01\/Total-US-Federal-Agency-State-Local-Debt-JAN14-2018.png?x65756 834w, https:\/\/dizgpp7sc1t8t.cloudfront.net\/wp-content\/uploads\/2019\/01\/Total-US-Federal-Agency-State-Local-Debt-JAN14-2018-768x567.png?x65756 768w\" alt=\"\" width=\"650\" height=\"480\" \/><\/p>\n<p>Thus, total outstanding U.S. Government debt is a staggering $34.3 trillion.\u00a0 So, there is an additional $12.4 trillion of debt on the U.S. Government balance sheet, which turns out to be more than half of U.S. Federal Debt.\u00a0 A trillion here and a trillion there really starts to add up.<\/p>\n<p>So, if we include all of this debt and compare it to the U.S. GDP, it is substantially higher than the current 104% stated by the Federal Reserve.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Government Debt Bomb Much Higher Than Americans Realize The U.S. Federal debt bomb continues to increase, even with the government shut down.\u00a0 In just one day, the U.S. public debt increased $50 billion on Jan 15th.\u00a0 While the total outstanding Federal debt has now reached nearly $22 trillion, it doesn\u2019t include all U.S. government [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,7346,12073,15497,8554],"class_list":["post-42907","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-debt-bomb","tag-srsrocco-report","tag-us-federal-debt","tag-us-government-debt"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42907"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42907\/revisions"}],"predecessor-version":[{"id":42908,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42907\/revisions\/42908"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}