2019 2nd Quarter Insights and Observations
Submitted by Corrigan Financial, Inc on July 15th, 2019Total U.S. government debt is now more than $22 trillion, and state and local debt is estimated at another $3 trillion. (Note that these figures do not include unfunded liabilities and corporate debt.) Annual deficits are running in excess of $1 trillion annually … and could easily rise to $2 trillion during the next recession. At that pace, total debt should reach $50 trillion by the end of the next decade.
