Financial position of the United States: Difference between revisions
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== External links == |
== External links == |
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{{Wiktionary}} |
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United States |
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* [http://www.cbo.gov/ U.S. Congressional Budget Office] |
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* [http://www.omb.gov/ Office of Management and Budget] |
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* [http://www.blogmybrain.com/stock_apps/graphical_economy/NIPA%20-%20Saving%20and%20Investment/120/10/q/Saving+and+Investment+%5BBillion+Dollar%5D/__Net_government_saving U.S. Government Net Saving] Graph of Historical U.S. Government Net Savings |
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* [http://www.wallstats.com/deathandtaxes/resource/ Death and Taxes: 2009] A graphical representation of the 2009 United States federal discretionary budget, including the public debt. |
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* [http://www.intelligentguess.com/blog/2007/04/09/usa-relationship-between-fiscal-deficit-and-savings-rate-since-1981/ United States - Deficit versus Savings rate from 1981] Historical graphical representation of the 12 month rolling Fiscal deficit versus the Savings rate of the United States. (since 1981) |
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[[Category:Government finances in the United States]] |
[[Category:Government finances in the United States]] |
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Revision as of 10:58, 15 March 2009
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To view US debt from the point of total governmental debt per person is potentially misleading from the GAAP accounting rules. US corporate and personal debt have to be considered as part of the US debt picture.
There are some suggestions that the total cumulative debt (the sum of all governmental debt + corporate debt + personal debt) in the US may be 700,000 USD per person or about 2.17 Million per household (of 2.28 people)
- Spreadsheet with total debt calculations, experimental
- This debt number is not often used in US monetary policy discussions, so it is hard to find common agreement on how it should be computed.
- The total debt per person in other nations is also equally not known due to the obscurity of the calculation.
Generally Accepted Accounting Principles that make this debt computation necessary
- Principle of consistency: The consistency principle requires accountants to apply the same methods and procedures from period to period. This debt number is best understood when tracked over longer timeframes.
- Principle of sincerity: According to this principle, the accounting unit should reflect in good faith the reality of the nation's financial status.
- Principle of Full Disclosure/Materiality: All information and values pertaining to the financial position of a nation must be disclosed in its records. Nation states are not immune from this kind of disclosure.
See also
- Balance of payments
- Budget deficit
- Deficit
- Inflation
- Economy of the United States - discusses U.S. national debt and economic context
- Fiat currency
- Fractional-reserve banking
- FRED (Federal Reserve Economic Data)
- Global debt - the "big picture"
- Gold as an investment
- History of the U.S. public debt - a table containing historical debt data
- List of countries by current account balance
- List of public debt - list of the public debt for many nations, as a percentage of the GDP
- National debt by U.S. presidential terms
- Proposed bailout of U.S. financial system (2008)
- Public debt - a general discussion of the topic
- United States federal budget - analysis of federal budget spending and long-term risks
- Securities
External links
Look up financial position of the united states in Wiktionary, the free dictionary.
United States
- U.S. Government Net Saving Graph of Historical U.S. Government Net Savings
- Death and Taxes: 2009 A graphical representation of the 2009 United States federal discretionary budget, including the public debt.
- United States - Deficit versus Savings rate from 1981 Historical graphical representation of the 12 month rolling Fiscal deficit versus the Savings rate of the United States. (since 1981)