Fiscal year 2018 wasn’t a good one for U.S. government net-worth. While that may hardly be surprising, it’s possible we’re reaching a “tipping point.”
- In fiscal year 2018, the government’s total net loss was $1.16 TRILLION.
- … they spent over $4.5 trillion.
- … nearly HALF went to Social Security and Medicare.
- … spent a record $523 billion just on interest payments on the national debt!