This monthly report is updated and presented by GetCurrentFast.com in order to show at-a-glance how the federal government is performing.
The information contained in this report is considered essential and can help the reader stay well-informed. Of particular concern is the vulnerability of the U.S. on a number of national security fronts including the threat of an EMP attack by an enemy of the U.S., the threat of an asteroid going undetected and hitting Earth in a major population center, and the seemingly constant cyberspace attacks on private and government computers in the U.S.
Also of particular concern to taxpayers should be the combined per taxpayer liability for the U.S. public debts, unfunded liabilities, and infrastructure needs which amount to nearly $1 million per taxpayer. The unfunded liabilities, estimated using GAAP (generally accepted accounting practices) are the least well-known and understood, but represent the largest share of public debts.
The color coding in the table below represents a good, acceptable, or poor condition status and is assigned at the discretion of our editorial team. Each line item is listed for its relevance, not necessarily because it is a government program or activity that passes constitutional muster.
Economy & Jobs
- Economy (Status: Depression, Recession, Recovery, or Robust): In Recovery
- Gross Domestic Product (GDP) (USDebtClock.org): $17.8 trillion
- Median Income (USDebtClock.org): $28,796
- “Official” Unemployment Rate (U-3 Seasonally Adjusted, BLS): 5.5%
- “Real” Unemployment Rate (U-6 Seasonally Adjusted, BLS): 10.8%
- Full Unemployment Rate (opinions vary by economist): 3-7%
Defense & Security
- Last terrorist attack within U.S. soil: April 15, 2013 (Boston Marathon Bombing)
- Defense Against Cyberattacks on Gov’t and Private U.S. Computers (US Senate): Poor
- Defense Against EMP by Solar Flair or Dirty Bomb (Expert): Poor
- Defense Against Attack on Power Grid (Congressional report): Poor
- Defense Against Asteroids (US Inspector General): Poor
- U.S. Defense Department Budget (% of GDP, World Bank): 3.8% (2010-2014)
NOTE: For the same time period noted in 6 above, military spending by China is estimated to be 2.1% of GDP (2010-2014) and the Russian Federation 4.2% of GDP. However, the accuracy of these estimates may be questionable.
- Taxpayers (USDebtClock.org): 118 million
- Federal Spending (Annualized – USDebtClock.org): $3.6 trillion
- Budget Deficit (Annualized – USDebtClock.org): $495 billion
- Debts (USDebtClock.org): $18.3 trillion
- Debts Held by Foreign Countries (USDebtClock.org): $6.2 trillion
- Debts per Citizen (USDebtClock.org): $56,898
- Debts per Taxpayer (USDebtClock.org): $154,317
- Unfunded Liabilities (GAAP) – Not Included Above (USDebtClock.org): $96.8 trillion
- Unfunded Liabilities per Taxpayer (GAAP) – Not Included Above (USDebtClock.org): $818,050
Trust in Federal Government
General Population’s Trust in Government (“to do the right thing all or most of the time”) (Pew Research Center): 24%
U.S. Competitive Ranking: COMING
Infrastructure (Highways, Bridges, Energy, etc.)
- Investment Needed by 2020 (ASCE): $3.6 trillion
- Investment Needed per Taxpayer: $30,743
Social Programs & Benefits
- Education – HS Graduation Rate (IES-NCES): 81% (2012)
- Education – Percentage of 12th Grade Students At/Above Proficient Level in Reading (NRC): 38% (2013)
- Education – Percentage of 12th Grade Students At/Above Proficient Level in Mathematics (NRC): 26% (2013)
- Food Security Rate (Those who were not “food insecure sometime during the year…” USDA): 85.7% (2013)
- Health Insurance (Percentage of People With Coverage, US Census): 86.6% (2014)
- Medicare Funding (SSA): “…Faces a substantial financial shortfall…” (2014)
- Prosperity Rate (People not Living Below “Poverty Line”, US Census): 85.5% (2014)
- Social Security – Trust Fund Sustainability (75-year Actuarial Estimate) (SSA): “Unsustainable Past 2027” (2014)
- Social Security – Disability Income Fund Sustainability (SSA): “…Depletion late in 2016…” (2014)
Disclaimer: This information is considered reliable but is not guaranteed.