Government Financial Literacy

 

 

 

 See how well you understand the Finances of America. Every American should understand the basic components of how our Government manages the finances of the Country. Only through knowledge are we able to understand the financial state of the country, and thus the health of the country and from this knowledge the ability to make informed decisions.

 

 “Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives.”

James Madison

 

 Test Government Finance Knowledge

 

 

About how much Revenue does the U.S. Federal government collect in a typical recent year?

 

 Find out more about Government Financial Literacy here.

 

 

 

 

 

 

 

 

Government Financial Literacy

Debt to the Penny

The US Economy as measured by our Gross Domestic Product (GDP) is the largest in the World. This encompasses all the productive output of all citizens, government, and corporations.

In the last few years we have seen a tremendous growth in the National Debt, or the sum accumulation of annual budget deficits for the Federal Government. The COVID Pandemic and the Great Recession of 2008 accelerated this trend.

Now, the National Debt is greater than the entire US Economy.

Debt to the Penny

Tax Project Institute

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