The U.S. government has a lot of money to spare.
It has a total of $9.3 trillion in assets and a total debt of $19.3trillion.
In fact, the U.N. has estimated the U to be the biggest debtor country in the world, but it doesn’t have much in the way of official currency, and its currency, the dollar, is not as strong as it used to be.
The US. is also an emerging economy with a growing population, but the population is aging and many young people are leaving the labor force.
The debt is projected to hit $1.2 trillion by 2030.
It’s a lot to manage and keep track of, and the government is spending money to do so.
The federal government spends $1trillion every year, about the same as the next seven largest economies combined, according to the nonpartisan Congressional Budget Office.
That’s almost double the amount spent by the entire European Union.
The total cost of government expenditures is $7.3 trillion.
And yet, there are a lot more of us than there are of them.
And the U’s not the only one in the mess.
The Federal Reserve and its peers in the central bank are doing a lot less to manage the money supply than the U, and there’s no reason why it should.
This chart from the Congressional Budget Act of 1974 illustrates the difference between the total amount of money in circulation and the amount of the government’s debt that it has.
In 2014, the Federal Reserve was a $1tn institution, with a $3.6trillion balance sheet.
In 2017, it was a mere $6.6 trillion, with just $2.2trillion of it held by the Treasury.
In 2020, the Treasury had $2 trillion of the $6 trillion.
But that’s still a lot.
In the year of its establishment, the Fed was the world’s third largest lender of money.
As the chart above illustrates, there’s a very big difference between how much money is in circulation (the government) and how much the Fed is holding.
It turns out that even though the government has more money than it does liabilities, the government actually has a higher debt-to-revenue ratio.
That is, the amount that the government owes per dollar of revenue is much lower than the amount it owes per unit of revenue.
The government has debt-equivalent assets of about $8.8trillion (or, for the average American household, $8,900).
Its liabilities are about $6,600.
When you compare these numbers, you’ll notice that the ratio is much closer to zero than it is to a trillion.
This means that, in order for the government to spend more than it takes in, it has to borrow money.
The chart below shows the ratio of government debt to GDP, and it shows that the Federal Government has far more debt than it has revenues.
So, how much is that?
In 2017 the Federal Debt to GDP Ratio was around 1.25.
If the government spent $1 billion a day on all of its obligations and debts, it would take in $1,050.
So the federal government would have a $10,300 surplus.
But it spends that money on spending, and that spending creates more money, so the debt-plus-revenues ratio is higher than it should be.
On the other hand, if the government took $1 from each household and gave it to the Treasury, that would only take in a little more than $5,400.
The Federal Government would still have a surplus, but would have to borrow more money to make up the difference.
For more on the debt, read our blog.
If you want to compare the amount the government spends on programs versus what it collects in taxes, here’s a chart that breaks it down by programs.
And you can see that the federal deficit is a lot bigger than the debt it’s holding.
Here’s a graphic that shows how much of the total debt is held by different programs.