Power & Market
Author:
Elijah J. Henry
Online Publish Date:
The U.S. government is infamously in debt. Since about 2012 , the official national debt has equaled or exceeded the GDP. Shockingly, the real fiscal gap is much higher: with our $21.5T GDP and $22.5T official debt , we also have about $200T in unfunded liabilities over the next few decades. Most of that last number is due to programs such as