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State Debt

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Posted in  Social Security, Federal Debt, State Debt, Medicare

Florida

  • Population: 21,062,000
  • Food Stamp Recipients: 3,148,000
  • Debt Per Citizen: $6,858

Illinois

  • Population: 12,754,000
  • Food Stamp Recipients: 1,793,000
  • Debt Per Citizen: $ 11,647

California

  • Population: 39,564,000
  • Food Stamp Recipients: 3,831,000
  • Debt Per Citizen: $ 10,894

Texas

  • Population: 28,393,000
  • Food Stamp Recipients: 5,468,000
  • Debt Per Citizen: $10,538

New York

  • Population: 19,742,000
  • Food Stamp Recipients: 2,761,000
  • Debt Per Citizen: $18,087

Connecticut

  • Population: 3,565,000
  • Food Stamp Recipients: 382,000
  • Debt Per Citizen: $15,023

Massachusetts

  • Population: 6,844,000
  • Food Stamp Recipients: 730,000
  • Debt Per Citizen: $14,676

Indiana

  • Population: 6,657,000
  • Food Stamp Recipients: 588,000
  • Debt Per Citizen: $8,395

Michigan

  • Population: 9,941,000
  • Food Stamp Recipients: 1,232,000
  • Debt Per Citizen: $7,911

The following picture is from page 63 of the Financial Report of the United States Government for fiscal year 2016, from the Department of Treasury, dated January 12, 2017. This report is required by federal law but is rarely reported. An old statute requires the Treasury to issue an annual financial statement, similar to a corporation’s annual report, and the 75 year future debt of Social Security and Medicare is:

image description

$46,700,000,000,000 ($46.7 Trillion)

An old statute requires the Treasury to issue an annual financial statement, similar to a corporation’s annual report

Think About It

And $467 trillion does not include all of the rest of the debt that's out there.