More shifty accounting: US public sector spending may exceed 60% of GDP

Peter Diekmeyer  |  April 12, 2018

By Peter Diekmeyer, includes “US federal government spending is expected to bloat to over $4.7 trillion during fiscal 2020, according to Congressional Budget Office data released this week. However, aggressive accounting may be hiding a far worse situation. … The scale of the laxness that Weinberg has uncovered is staggering. TIA data suggest that total US government debt currently tops $104 trillion when unfunded liabilities are included, nearly five times as high as the official figures suggest.”

Read the full article on: Sprott Money

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