Submitted by Simon Black via SovereignMan.com,
Every year around this time the US federal government releases an annual financial report to the public.
It would be hilarious if the numbers weren’t actually true.
Just like Apple or Exxon, the government’s annual report contains several important financial statements and detailed commentary about their finances and operations.
But unlike Apple, Exxon, the government can’t manage to turn a profit. Ever.
According to this year’s report, the government’s net loss “more than doubled, increasing $533.2 billion (103.7%) during [Fiscal Year] 2016 to $1.0 trillion.”
Continue reading “US Government’s 2016 Net Loss “More Than Doubled” To $1 Trillion”
