🚨The official US national debt just hit $40 TRILLION, but is that the real number? The $40 TRILLION only counts what the government has already borrowed, not all the benefits it has promised to pay under current law. Total federal liabilities exceed $176 TRILLION when you include what's missing, per Truth in Accounting: - $74.5T in unfunded Medicare - $54T in unfunded Social Security - $15.5T in military and civilian retirement benefits After accounting for federal assets, the estimated shortfall is $170.3 TRILLION. That works out to $1.1 MILLION per federal taxpayer. The net interest bill is projected to exceed $1 TRILLION in 2026, above projected US defense funding. Social Security's retirement trust fund is projected to run dry in late 2032, leaving enough revenue to pay only 78% of scheduled benefits without congressional action. In early 2024, the debt crossed $34 TRILLION and then-Fed Chair Powell warned: "The US is on an unsustainable fiscal path." "We're effectively borrowing from future generations." It has grown nearly $6 TRILLION since, and nothing has changed.(Coin Bureau)