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What's at Stake?

What's at Stake?. The US Government's Financial Statements and the Country's Fiscal Health. (Optional). (Add introductory information). Budget. Financial statements. 2011 Financial Statements. 2011 Financial Statements. U.S. financial statements differ from other o rganizations.

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What's at Stake?

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  1. What's at Stake? The US Government's Financial Statements and the Country's Fiscal Health

  2. (Optional) • (Add introductory information)

  3. Budget

  4. Financial statements

  5. 2011 Financial Statements

  6. 2011 Financial Statements

  7. U.S. financial statements differ from other organizations • Most financial statements include obligations or liabilities on balance sheet • US government’s financial statements do not include Social Security and Medicare • Footnote disclosures • Not reflected as liabilities

  8. Reality of future obligations • These future obligations equal: $46.3 trillion in additional deficit Plus $14.8 trillion cumulative deficit Total deficit: $61 trillion deficit • $61 trillion is the equivalent of: Every household in America owing the full cost of two new homes and not getting to live in them

  9. Key data in publicly traded company’s financial statements

  10. Accumulated deficit In trillions 2009 2010 2011 2012

  11. What’s next

  12. (Optional) • (Add additional information about related resources you offer on this issue.)

  13. Thank you

  14. What's at Stake? The US Government's Financial Statements and the Country's Fiscal Health

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