# America.Inc -- U.S. Financial Data Dashboard
> Real-time, objective U.S. government financial data. Updated daily from primary sources.
> URL: https://america.inc
> Last updated: 2026-03-24

## Key Metrics (as of March 2026)
- National Debt: $39.0 trillion ($38,976,827,976,842 as of 2026-03-18)
- Debt-to-GDP Ratio: 132.6%
- GDP: $29.4 trillion
- GDP Growth: 0.7% (2025Q4, BEA)
- Unemployment: 4.4% (February 2026, BLS)
- Inflation (CPI): 2.4% (February 2026, BLS)
- Federal Funds Rate: 3.50-3.75% (effective: 3.64%)
- Trade Balance: -$654 billion annualized (January 2026, BEA/Census)
- 10-Year Treasury Yield: 4.25%
- S&P 500: 6,606.49 (YTD: -4.7%)
- VIX: 24.06
- Debt Per Citizen: $114,034
- Interest on Debt: $981 billion

## Data Sources
- U.S. Treasury FiscalData (debt)
- Bureau of Economic Analysis (GDP, trade)
- Bureau of Labor Statistics (unemployment, CPI)
- Federal Reserve (fed funds rate, yield curve)
- Treasury.gov (yield curve rates)

## API
- JSON data: https://america.inc/data.json
- Machine-readable: https://america.inc/llms-full.txt

## Yield Curve (March 19, 2026)
| Maturity | Rate   | 1 Year Ago |
|----------|--------|------------|
| 1 Month  | 3.73%  | 4.52%      |
| 3 Month  | 3.73%  | 4.33%      |
| 6 Month  | 3.76%  | 4.25%      |
| 1 Year   | 3.73%  | 4.07%      |
| 2 Year   | 3.85%  | 3.97%      |
| 3 Year   | 3.79%  | 3.95%      |
| 5 Year   | 3.88%  | 3.97%      |
| 7 Year   | 4.06%  | 4.10%      |
| 10 Year  | 4.25%  | 4.25%      |
| 20 Year  | 4.82%  | 4.60%      |
| 30 Year  | 4.83%  | 4.55%      |

## Stock Market
- S&P 500: 6,606.49 (change: -18.21, -0.3%)
- YTD Performance: -4.7%
- VIX: 24.06
- Total Market Cap: ~$131.9 trillion
- Buffett Indicator: 449%

## Federal Budget
- Revenue: $5.2 trillion
- Spending: $7.0 trillion
- Deficit: -$1.8 trillion
- Interest on Debt: $981 billion
- Credit Rating: Aa1 (Moody's)

## The Road Ahead -- Long-Term Forecast
Interactive debt-to-GDP projection spanning 1790 to 2126, sourced from CBO Long-Term Budget Outlook.
Dual lines: public debt (blue/red) + gross debt including intragovernmental (amber dashed, toggleable).
Public = debt held by investors. Gross = public + intragovernmental (Social Security/Medicare trust funds).
Horizon toggles: 10yr, 30yr (default), 50yr, 100yr. WW2 peaks: Public 106%, Gross 119%.
"NOW" transition marker at present day. Stat cards update per horizon.
- 10yr (2036): $42T, public 112% / gross 136% of GDP
- 30yr (2056): $144T, public 158% / gross ~170% of GDP
- 50yr (2075): $320T, public 200% / gross 212% of GDP
- 100yr (2126): $2,200T, public 400% / gross 412% of GDP

### What History Teaches
- After WW2, public debt hit 106% of GDP then was paid down to 25% within 35 years via growth, not austerity.
- No magic threshold where debt becomes unsustainable (Reinhart-Rogoff 90% "tipping point" debunked). Japan at 237% still functions.
- The U.S. borrows in its own currency -- cannot technically default.
- Real risk: interest costs projected to consume 28% of federal revenue by 2055 (CBO), crowding out other spending.
- Today's trajectory is structural (aging population, rising healthcare costs), not crisis-driven like WW2.
Sources: CBO 2026 Outlook, CRFB Analysis, IMF research (Pescatori et al.).

## What If -- Interactive Fiscal Policy Simulator (NEW in v2.2)
6 policy levers with real-time chart updates:
- Defense Spending: -50% to +50% of current
- Retirement Age: 62 to 70 (from current 67)
- Income Tax Rate: -10% to +10% change
- Healthcare Spending: -30% to +30%
- Interest Rate: -3% to +3% vs baseline
- GDP Growth: 0.5% to 5.0% annual real
Additional toggle: Remove payroll tax cap (+$150B/yr revenue)
Presets: Austerity (100% debt-to-GDP by 2055) | Growth (93% by 2055)
Shareable URLs encode all slider values as query parameters.
Comparison chart: CBO Baseline (amber dashed) vs Your Scenario (green solid).
Per-citizen debt share calculated for each scenario.

## Entitlements -- Social Security Trust Fund Analysis
https://america.inc/entitlements

### Trust Fund Status (2025 Trustees Report)
- OASI Trust Fund: depletes 2033, 77% payable after (CBO Feb 2026: depletes 2032)
- Combined OASDI: depletes 2034, 81% payable after, declining to 72% by 2099
- Current reserves (end 2025): $2.56 trillion (down from $2.91T peak in 2020)
- 75-year unfunded obligation: $25.1 trillion
- Actuarial deficit: 3.82% of taxable payroll (1.3% of GDP)
- Annual cost has exceeded non-interest income every year since 2010
- Cost has exceeded total income (including interest) every year since 2021
- Total beneficiaries: 67+ million
- Average monthly benefit: $1,976 | After 23% cut: ~$1,522 (-$5,448/yr)

### Trust Fund Balance History (Combined OASI+DI, $B)
1990: $225 | 1995: $496 | 2000: $1,007 | 2005: $1,858 | 2010: $2,540
2015: $2,813 | 2020: $2,908 (peak) | 2021: $2,852 | 2022: $2,830
2023: $2,789 | 2024: $2,721 | 2025: $2,561
Projected: 2026: $2,391 | 2028: $1,978 | 2030: $1,460 | 2032: $828 | 2034: $0

### Three Decades of Inaction -- Legislative Timeline
- 1983: Greenspan Commission (last structural reform) -- raised retirement age 65→67, made benefits taxable, accelerated payroll taxes. Extended solvency ~50 years.
- 1993: OBRA 1993 -- increased benefit taxation 50%→85% for higher earners, removed Medicare HI tax cap. Revenue tweak only.
- 2005: Bush privatization attempt -- proposed personal retirement accounts. Never received a Congressional vote. Political lesson: don't touch SS.
- 2005-2024: 19 years of zero structural reform. Depletion date drifted closer each year.
- 2025: Social Security Fairness Act -- repealed WEP/GPO, added ~$200B to long-term shortfall.
- 2025: One Big Beautiful Bill Act -- CBO estimates moved depletion from 2033 to 2032.

### Closing Window -- Depletion Date Tracker
| Report Year | Projected OASI Depletion | Years Away |
|-------------|-------------------------|------------|
| 1995 | 2031 | 36 |
| 2000 | 2032 | 32 |
| 2005 | 2041 | 36 |
| 2010 | 2037 | 27 |
| 2014 | 2034 | 20 |
| 2020 | 2034 | 14 |
| 2025 | 2033 | 8 |
| 2026 (CBO) | 2032 | 6 |

### Reform Options (CBO/CRFB-scored, % of 75-year shortfall closed)
- Apply 12.4% tax on earnings >$250K: ~70%
- Raise retirement age to 70: ~35%
- Increase payroll tax rate +1% each side: ~26%
- Raise payroll cap to cover 90% of earnings: ~20%
- Reduce COLA by 0.5%: ~20%
- Means-test benefits (reduce for top 25%): ~15%
- Invest trust fund in equities (25%): ~10%
- CPI-E (more generous COLA): -5% (costs more)

### All Federal Trust Funds
| Fund | Depletes | % Payable | 75yr Gap | Status |
|------|----------|-----------|----------|--------|
| Social Security (OASI) | 2033 | 77% | $25.1T | Critical |
| Medicare Hospital (HI) | 2033 | 89% | N/A | Warning |
| SS Combined (OASDI) | 2034 | 81% | $25.1T | Critical |
| Disability Insurance (DI) | Never | 100% | -- | Solvent |
| Medicare SMI (Part B/D) | N/A | 100% | N/A | Funded |

Sources: SSA 2025 Trustees Report, CBO Social Security Trust Funds (Feb 2026), CRFB, Brookings Institution, Peter G. Peterson Foundation, Center for Retirement Research at Boston College.

## Dashboard Tabs
The dashboard is organized into 10 navigable tabs:
- Overview (8 sections): Macro & fiscal KPIs, personal impact, inflation, unemployment, consumer sentiment, housing, earnings
- Markets (5 sections): S&P 500, Buffett Indicator, VIX, indicator analysis, M2 money supply, foreign reserves, market valuation
- Budget (7 sections): Revenue vs spending, % of GDP, breakdowns, historical spending by category, balance sheet, GDP, GDP growth
- Debt (10 sections): Maturity profile, who holds the debt, rates, yield curve, average rate, interest cost, credit rating, peer comparison, trust funds
- Forecast (4 sections): CBO 10-year projections, Road Ahead (long-term), scenario modeling, risk factors
- Efficiency (2 sections): DOGE government efficiency tracker, Fraud/Waste/Abuse analysis
- Social Security (8 sections): SS trust fund countdown, KPIs, trust fund drain chart, 30-year legislative timeline, depletion tracker, reform options, benefit impact, all trust funds status
- Healthcare (7 sections): Medicare, Medicaid & VA combined spending, Medicare trust fund (Part A) depletion, Medicare parts breakdown, Medicaid federal/state split, VA healthcare & disability, CBO projections as % of GDP
- Cost of War (8 sections): Post-9/11 $8T cost breakdown, defense budget over time, branch allocation, major conflicts comparison, veterans spending growth, opportunity cost analysis, defense as % of budget
- Energy (9 sections): WTI crude oil price history, price driver analysis, incentive structure (fossil vs renewable subsidies), subsidies over time, US energy mix, gasoline price breakdown, US oil production, IMF global subsidies

## Fraud, Waste & Abuse
- FY2024 Improper Payments: $162B across 68 federal programs
- Estimated Annual Fraud: $233B--$521B (GAO range, FY2018-2022 data)
- Cumulative Improper Payments since 2003: $2.8T
- Public Sector Fraud Rate: ~20% vs Private Sector: ~3%

### Top Programs by Improper Payments (FY2024)
| Program | Improper Payments |
|---------|------------------|
| Medicare | $54.3B |
| Medicaid | $31.1B |
| EITC | ~$22B |
| SNAP | ~$8B |
| Restaurant Revitalization | ~$5B |
| Other (63 programs) | ~$41.6B |

### Improper Payments Trend (2003--2024)
| Year | Amount |
|------|--------|
| 2003 | $35B |
| 2005 | $38B |
| 2010 | $121B |
| 2015 | $137B |
| 2019 | $175B |
| 2020 | $281B (COVID peak) |
| 2021 | $281B |
| 2022 | $236B |
| 2023 | $236B |
| 2024 | $162B |

### Impact Scenarios ("What If We Fixed It?")
- Reduce improper payments 50%: saves $81B/yr ($810B over 10yr) -- more than entire VA healthcare budget
- Close public-private fraud gap (20% to 3%): saves $275B/yr ($2,750B over 10yr) -- would cover 60% of SS shortfall
- Implement GAO recommendations: saves $42B/yr ($420B over 10yr) -- equal to Dept of Education budget

Sources: GAO-25-107552, GAO-24-105470, CMS FY2024, DOGE Subcommittee (Jan 2025), paymentaccuracy.gov

## Healthcare — Medicare, Medicaid & VA

### Healthcare Hero
- Medicare Total Spending: $1.12T (FY2024)
- Medicaid Total Spending: $932B (FY2024)
- VA Total Spending: $326B (FY2024)
- Combined Total: ~$2.38T (34% of federal spending)
- Medicare Enrollees: 67M | Medicaid Enrollees: 72M | VA Patients: 6.1M
Source: CMS NHE 2024, PGPF, VA, MedPAC

### Medicare Spending Trend ($B)
| Year | Total |
|------|-------|
| 2000 | $224B |
| 2005 | $340B |
| 2010 | $525B |
| 2014 | $614B |
| 2018 | $751B |
| 2020 | $829B |
| 2022 | $918B |
| 2024 | $1,122B |
Source: CMS NHE Fact Sheet, MedPAC Data Book

### Medicare Trust Fund (Part A / Hospital Insurance)
- Current Balance: $407.9B (2024)
- Depletion Year: 2033
- Payable After Depletion: 89%
- Expenditure Growth Rate: 5.2%/yr
- Enrollees: 67M (2024) → projected 77M (2035)
Source: CMS 2025 Medicare Trustees Report

### Medicare Parts Breakdown (FY2024)
| Part | Name | Spending | Funding Source |
|------|------|----------|---------------|
| A | Hospital Insurance | $398B | Payroll tax (2.9%) |
| B | Medical Insurance | $395B | Premiums + General Revenue |
| C | Medicare Advantage | $200B | Part A & B trust funds |
| D | Prescription Drugs | $129B | Premiums + General Revenue |
Source: MedPAC, CMS

### Medicaid Federal/State Split ($B)
| Year | Federal | State | Total |
|------|---------|-------|-------|
| 2000 | $118B | $89B | $207B |
| 2005 | $182B | $117B | $299B |
| 2010 | $273B | $131B | $404B |
| 2014 | $302B | $196B | $498B |
| 2018 | $371B | $226B | $597B |
| 2020 | $458B | $213B | $671B |
| 2022 | $571B | $290B | $861B |
| 2024 | $554B | $378B | $932B |
- Enrollees: ~72M
- Expansion States: 40 states + DC
- Federal Match (expansion): 90% | Regular FMAP: ~57%
- Population: 37% children, 40% adults, 14% disabled, 9% elderly
- Cost inversion: disabled + elderly = 56% of spending despite 23% of enrollees
Source: KFF, CMS, MACPAC

### VA Healthcare & Benefits
| Year | Total | Healthcare | Disability |
|------|-------|------------|------------|
| 2000 | $47B | $19B | $21B |
| 2005 | $70B | $29B | $29B |
| 2010 | $109B | $44B | $43B |
| 2014 | $149B | $57B | $62B |
| 2018 | $189B | $71B | $85B |
| 2020 | $218B | $82B | $105B |
| 2022 | $274B | $97B | $138B |
| 2024 | $326B | $112B | $161B |
- Total Living Veterans: 18.3M
- VA Healthcare Patients: 6.1M
- Disability Recipients: 6.0M
- Avg Disability Payment: $25,446/yr
- Post-9/11 Disability Rate: 41% (vs 25% for all vets)
- PACT Act Cost: ~$300B over 10 years
Source: PGPF, CBO, VA

### CBO Healthcare Projections (% of GDP)
| Year | Medicare | Medicaid | Combined |
|------|----------|----------|----------|
| 2024 | 3.2% | 2.0% | 5.2% |
| 2034 | 4.0% | 2.1% | 6.1% |
| 2054 | 5.3% | 2.5% | 7.8% |
Source: CBO 2025 Long-Term Budget Outlook

## Cost of War

### Post-9/11 War Costs ($8 Trillion Total)
| Category | Cost |
|----------|------|
| Overseas Contingency Ops (DOD) | $2,113B |
| Future VA Care (est. through 2050) | $2,200B |
| Homeland Security / Counter-terror | $1,117B |
| Pentagon Base Budget Increases | $884B |
| Interest on War Borrowing | $1,264B |
| VA Care (through FY2022) | $465B |
- Lives Lost: 900,000+ (all sides)
- Displaced: 38 million
- Post-9/11 Veterans: ~3.5 million
Source: Brown University Costs of War Project (2021), Watson Institute

### Defense Budget Over Time ($B, FY2000-2025)
| Year | Amount | % GDP |
|------|--------|-------|
| 2000 | $366B | 3.5% |
| 2005 | $567B | 4.3% |
| 2008 | $696B | 4.7% |
| 2010 | $801B | 5.3% |
| 2013 | $680B | 4.0% |
| 2015 | $638B | 3.4% |
| 2020 | $725B | 3.5% |
| 2024 | $841B | 3.0% |
| 2025 | $962B | 3.4% |
Source: BEA, DoD Budget Requests, PGPF, USAFacts

### Budget by Military Branch (FY2024)
| Branch | Budget |
|--------|--------|
| Air Force | $216.1B |
| Navy | $202.6B |
| Army | $165.6B |
| Marine Corps | $53.2B |
| National Guard | $32.9B |
| Space Force | $30.1B |
| Other DoD | $141.0B |
Source: DoD FY2024 Budget, USAFacts

### Major Conflicts Compared (Inflation-Adjusted)
| Conflict | Years | Adjusted Cost | U.S. Deaths | Duration |
|----------|-------|--------------|-------------|----------|
| World War II | 1941-1945 | $4,700B | 405,399 | 3 yr 9 mo |
| Post-9/11 Wars | 2001-2021 | $8,000B | 7,074 | 20 yr |
| Vietnam War | 1965-1975 | $1,400B | 58,220 | 10 yr |
| Korean War | 1950-1953 | $780B | 36,574 | 3 yr |
| World War I | 1917-1918 | $400B | 116,516 | 1 yr 7 mo |
| Gulf War | 1990-1991 | $138B | 383 | 7 mo |
Source: Congressional Research Service, MeasuringWorth, Brown University

### Veterans Spending Growth ($B)
| Year | Total | Healthcare | Disability |
|------|-------|------------|------------|
| 2000 | $47B | $19B | $21B |
| 2005 | $70B | $29B | $29B |
| 2010 | $109B | $44B | $43B |
| 2014 | $149B | $57B | $62B |
| 2020 | $218B | $82B | $105B |
| 2024 | $326B | $112B | $161B |
Source: PGPF, VA GDX Reports

### What $8 Trillion Could Have Funded
- Free public college (4 yrs, all students): ~25 years
- National infrastructure rebuild: 3x over
- Universal pre-K (10 yrs): 40x over
- Eliminate child poverty (annual): ~200 years
- NASA budget equivalent: ~320 years
- Clean energy transition: 4x over

### Defense as % of Federal Budget
| Year | % of Budget |
|------|------------|
| 1960 | 52.2% |
| 1970 | 41.8% |
| 1980 | 22.7% |
| 1990 | 23.9% |
| 2000 | 16.5% |
| 2010 | 19.3% |
| 2020 | 11.1% |
| 2025 | 13.7% |

## Energy & Oil
Philosophy: "Show me the incentives, I'll show you the results."

### Energy Hero
- WTI Crude Oil: $93/bbl (March 2026)
- US Production: 13.5M bbl/day (world's #1 producer)
- National Avg Gasoline: $3.48/gal
- Federal Fossil Fuel Subsidies: $34.8B/yr
- Federal Renewable Subsidies: $15.6B/yr
Source: EIA, FRED, Oil Change International, CATO

### WTI Crude Oil Price History (Annual Average, $/bbl)
| Year | Price | Key Event |
|------|-------|----------|
| 1990 | $24.53 | |
| 1998 | $14.42 | Asian Financial Crisis |
| 2000 | $30.38 | |
| 2003 | $31.08 | Iraq Invasion |
| 2008 | $99.67 | Peak $147/bbl intraday |
| 2009 | $61.95 | Financial crisis crash |
| 2011 | $94.88 | |
| 2014 | $93.17 | Shale boom oversupply |
| 2015 | $48.66 | Shale Boom Glut |
| 2020 | $39.16 | COVID Crash |
| 2022 | $94.90 | Ukraine War |
| 2024 | $76.60 | |
| 2025 | $73.60 | |
Source: EIA Cushing, OK WTI Spot Price FOB

### What Drives Oil Prices (8 Key Factors)
1. OPEC Production Cuts — OPEC+ coordinates supply cuts (~40% of global supply)
2. Geopolitical Conflict — Wars in oil-producing regions disrupt supply
3. US Shale Revolution — Fracking made US world's #1 producer, adds supply quickly
4. Global Demand (GDP) — China & India are largest swing demand factors
5. Dollar Strength — Oil priced in USD; strong dollar = more expensive for foreign buyers
6. Strategic Petroleum Reserve (SPR) — US can release reserves; SPR now at 50-year lows
7. Energy Transition — EV adoption & renewables slowly reducing long-term oil demand
8. Speculation & Futures — Financial traders amplify price moves beyond fundamentals
Source: EIA, Investopedia

### The Incentive Structure (Federal Subsidies)
| Category | Recipient | Annual Amount | Type |
|----------|-----------|--------------|------|
| Fossil Fuel | Oil & Gas Production | $20.0B | Direct |
| Fossil Fuel | Tax Breaks (IDC, depletion) | $14.8B | Tax |
| Renewable | Solar & Wind (ITC/PTC) | $10.2B | Tax |
| Renewable | EV Tax Credits | $3.0B | Tax |
| Renewable | Clean Energy R&D | $2.4B | Direct |
| Nuclear | Nuclear Production Credit | $1.2B | Tax |
Fossil Fuel Total: $34.8B/yr | Renewable Total: $15.6B/yr | Nuclear: $1.2B/yr
Source: EIA Federal Energy Subsidies (2022), Oil Change International (2025), CATO, IMF

### Subsidies Over Time ($B, Direct Federal)
| Year | Fossil | Renewable |
|------|--------|----------|
| 2010 | $4.0B | $8.5B |
| 2013 | $3.4B | $13.2B |
| 2016 | $3.7B | $11.6B |
| 2019 | $3.2B | $8.4B |
| 2022 | $3.2B | $15.6B |
| 2025 | $34.8B | $23.0B |
Note: 2025 includes indirect subsidies (Oil Change International methodology)
Source: EIA Federal Financial Interventions reports

### US Energy Mix (2024)
| Source | % |
|--------|---|
| Petroleum | 36% |
| Natural Gas | 34% |
| Renewables | 14% |
| Nuclear | 8% |
| Coal | 8% |
Source: EIA Monthly Energy Review

### Gasoline Price Breakdown
| Component | % of Price |
|-----------|----------|
| Crude Oil | 53% |
| Distribution & Marketing | 15% |
| Refining | 14% |
| Taxes | 18% |
Source: EIA Gasoline Price Breakdown

### US Oil Production (Million bbl/day)
| Year | Production |
|------|----------|
| 2000 | 5.8 |
| 2005 | 5.2 |
| 2008 | 5.0 (shale revolution begins) |
| 2014 | 8.8 |
| 2019 | 12.3 |
| 2020 | 11.3 (COVID) |
| 2023 | 12.9 |
| 2025 | 13.5 (record) |
Source: EIA US Field Production of Crude Oil

### Global Fossil Fuel Subsidies (IMF)
- Global Total: $7 trillion (2022)
- % of Global GDP: 7.1%
- US Rank: 2nd largest subsidizer globally
Top Subsidizers:
| Country | Amount |
|---------|--------|
| China | $2,206B |
| United States | $757B |
| Russia | $420B |
| India | $350B |
| European Union | $310B |
- CO2 Reduction if Reformed: 43% below baseline by 2030
Source: IMF Working Paper (2023)

## Additional Pages
- Entitlements: https://america.inc/entitlements — Deep dive into Social Security trust fund solvency, legislative history, reform options, and benefit impact analysis.
- The Story (https://america.inc/story): America's founding told as a startup narrative. Chapters: Seed Round (1607-1775), Series A (1776-1783), Building the Operating System (1787-1800), Hyper-Growth (1800-1945), Market Dominance (1945-2000), Scale Problems (2000-Present). Profiles founding team as corporate officers.
- The Original Pitch Deck (https://america.inc/pitch-deck): Declaration of Independence reimagined as a VC pitch deck to France. 10 slides covering Problem, Solution, Market Opportunity, Founding Team, The Ask, Traction, Financial Model, Risks & Mitigants, Vision.