America’s national debt now exceeds $123 trillion

Yet another reason kill off a whole bunch of people

America’s national debt now exceeds $123 trillion, according to a new report, or more than four times the official figure of $28 trillion, as calculated by the U.S. Treasury Department at the end of March.

Federal spending related to the CCP virus pandemic and economic lockdown added nearly $10 trillion to the total in 2020, according to the latest edition of the “Financial State of the Union 2021” report, compiled and published annually by Chicago-based nonprofit Truth in Accounting (TIA).

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But spending amid the pandemic represents only a small portion of the total difference between the official government figure and TIA’s calculation.

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“Our measure of the government’s financial condition includes reported federal assets and liabilities, as well as promised, but not funded, Social Security and Medicare benefits,” the report stated.

www.theepochtimes.com/true-national-debt-exceeds-123-trillion-or-nearly-800000-per-taxpayer_3782624.html

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