USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

GAAP Deficit-current
October 12, 2021


usdebtclock.org has stopped explicitly reporting the GAAP Deficit because it is almost impossible to predict the GAAP basis deficit spending of the U.S. Government. My estimate of the GAAP Deficit for FY2022 is a simple extrapolation of the GAAP Deficit to date to a projection for the full fiscal year. If/when the U.S. Government approves more economic stimulus, this projection will be very erratic! The change in US Unfunded Liabilities (GAAP) so far in FY2022 indicates that the GAAP Deficit in FY2022 will be about $7.30 Trillion. The following table shows the change in US Unfunded Liabilities (GAAP) since the start of FY2022 on October 1, 2021.


US Unfunded Liabilities (GAAP)

October 1, 2021  $157.540 Trillion 
October 12, 2021  $157.760 Trillion 
GAAP Deficit to date  $0.220 Trillion 

 

GAAP Deficit/day = ($157.760T - $157.540)/11 days) = $20.0 Billion/day

GAAP Deficit in FY2022 = GAAP Deficit/day*365 = $7.30 Trillion/year

US National Debt  $28.9 Trillion 
Cash Deficit in FY2022  $3.00 Trillion 
GAAP Deficit in FY2021  $7.30 Trillion 
US Unfunded Future Liabilities  $128.9 Trillion 
US Unfunded Liabilities (GAAP)  $157.8 Trillion 
Imaginary-Counterfeit Money  $157.8 Trillion 
US Total National Assets  $199.5 Trillion 

Source: www.usdebtclock.org October 12, 2021

End of commentary