Analysis: Federal Fiscal Burden Consumes 93 Percent of America’s Wealth

Based on data from a U.S. Treasury report, the federal government has amassed $142 trillion in debts, liabilities, and unfunded obligations. This staggering figure equals 93% of all the wealth Americans have accumulated since the nation’s founding, estimated by the Federal Reserve to be $152 trillion.

Unlike other measures of federal red ink that cover an arbitrary period, extend into the infinite future, or ignore government resources, the figure of $142 trillion applies strictly to Americans who are alive right now and includes the government’s commercial assets. Thus, it quantifies the financial burden that today’s Americans are leaving to their children and future generations.

Read More

Federal Employees’ Political Donations Largely Went to Biden, Other Dems in 2023

Government Workers

Over 60% of political donations to prominent political committees made by employees of the federal government’s 15 cabinet-level departments flowed to President Joe Biden and other Democrats in 2023, according to a Daily Caller News Foundation analysis of Federal Election Commission records.

The DCNF filtered donations in calendar year 2023 by individuals who listed their employer as one of 15 cabinet agencies, and who donated to the Biden campaign, the Biden Victory Fund, the Trump campaign, Save America PAC, and the respective congressional and senatorial fundraising committees for each party.

Read More