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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

These are promises the government has made and is liable for, but are not officially debt/treasuries


  • Including these in the total Debt/GDP calculation would increase it many times (over 1000% debt/GDP) - shows that the US is technically insolvent

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