The U.S. holds $39 trillion in liabilities while only having $4.9 trillion in assets, leading the Department of the Treasury to say “the current fiscal path is unsustainable,” according to a recent report.
The extensive report contains detailed financial information on the state of U.S. finances. There is a section titled “An Unsustainable Fiscal Path,” that explains that “a sustainable fiscal policy is defined as one where the ratio of debt held by the public to GDP (the debt-to-GDP ratio) is stable or declining over the long term.”
The U.S. has a rapidly-increasing debt-to-GDP ratio, along with ballooning mandatory spending on programs like Medicare and Old Age Survivors and Disability Insurance, driving up costs without substantial increases in revenue. These programs are projected to be depleted by 2028 and 2035, respectively.
On the balance sheet, the report shows the U.S. has assets of $4.9 trillion, which include cash, monetary assets, inventory and property, and loans receivable. On the liabilities side, however, the U.S. has $39 trillion in liabilities, which include $24.3 trillion worth of federal debt and interest payable, $12.8 trillion in federal employee and veteran benefits payable, and $1.8 trillion in other liabilities.
This is only one of many measures that show how much financial trouble the U.S. is in, and more people from both sides of the aisle are beginning to issue dire warnings that our current spending habits need to drastically change.
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Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
