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Federal Debt
Contingent Liabilities
Contingent Liabilities
Parent term
Federal Debt
Contingent Liabilities are Federal Government Liabilities that are not included as part of the official National Debt
More about Contingent Liabilities
Discusses The Following
Experts
Child Terms
Notes
These are promises the
government
has made and is liable for, but are not officially debt/treasuries
Student
Loan
Guarantees
Social
Security
Payments
Medicare Payments
Medicaid Payments
Veterans Benefits
FDIC
Insurance
Pension Payments
etc, etc, etc.
Including these in the total Debt/GDP calculation would increase it many times (over 1000% debt/GDP) - shows that the
US
is technically
insolvent