· Updated January 16, 2025 12:01 AM · 2 min read read
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A couple of recent reports illustrate just how dire the United States federal government's debt situation really is.
The federal government took in a record $2.9 trillion in tax revenues for the first 11 months of the fiscal year (through the end of August), up about 7.4 percent from the same period the year before. Using U.S. Bureau of Labor Statistics data, CNS News calculated that this translates to approximately $19,346 for every person in the country who had a full-time or part-
A couple of recent reports illustrate just how dire the United States federal government's debt situation really is.
The federal government took in a record $2.9 trillion in tax revenues for the first 11 months of the fiscal year (through the end of August), up about 7.4 percent from the same period the year before. Using U.S. Bureau of Labor Statistics data, CNS News calculated that this translates to approximately $19,346 for every person in the country who had a full-time or part-time job. Y…
