Relevant:
- Is fiscal austerity coming to Washington?
- Household Net Worth Plunges By Most Since Q4 2008, As Government Borrowing Surges
- The "Devastating" Truth Behind America's Record Household Net Worth
- Real federal deficit dwarfs official tally (Gov't Uses Lemonade-Stand Accounting)
- Freddie asks for another $35 billion
2010-12-23 — reuters.com
``The Financial Report of the United States, which applies corporate-style accrual accounting methods to Washington, showed the government's liabilities exceeded assets by $13.473 trillion. That compared with a $11.456 trillion gap a year earlier.''
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