answersLogoWhite

0


Best Answer

It is. We would need to tax every fortune 500 company at 100% of gross for a hundred years just to pay our debt. With current increases, the debt service will surpass $1.2 million a family in a few years. We are broke. We still spend like drunk Kennedy's. We just do not realize this yet.

Interestingly, half of our spending goes to entitlements, which strictly are unconstitutional. The war(s) make up less then 30% of our budget. We actually our giving too much to the non working class in this country.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: When will the Federal Government of the US become Bankrupt?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What year did the federal judiciary become a branch of the US government?

Its 1789


What word means having to do with central government of the US?

The central government of the US is the Federal government.


Does the term US government refer to state government or federal government?

It refers to federal government.


What having to do with the central government of the US?

The central government of the US is the Federal government.


Who has the power to veto bills so they dont become laws?

In the US federal government, the President has Veto power.


Was the first health insurance plans in the US were provided by the federal government?

Depends on how you define a "health insurance plan". In a sense, General George Washington had the first health insurance plan that was provided by the federal government. When he become injured or ill, the federal government funded his treatment.


Why is the US a federal government?

there is no division of power in the government


Is the US government federal?

there is no division of power in the government


Is the us a federal government?

there is no division of power in the government


How do republic and federal describe the US government?

because the US has power (federal) and the government ,which is the citizens, elect leaders to represent them.


The US Constitution establishes a federal system of government Which statement best describes a federal system of government?

The US Constitution established the Federal system of government. The best way to describe the Federal system of government is that it is a shared power of government between the nation and the states.


Does the US have a federal government?

Yes