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Saturday, January 9, 2010

$98 Trillion Unfunded DEBT on US Taxpayer - FedReserve Speech

It would take around 32 years to count to a billion, around 32,000 years to count to a trillion…and I thought the National Debt sounded insurmountable at $12 trillion

 

dallasfed.org Inflation, US Dollar - No combo of tax hikes & spending cuts, though, will change the total burden borne by current & future generations. For the existing unfunded liabilities (just SS & Medicare) to be covered...someone must pay $99.2 trillion more (68% tax rise) or receive $99.2 trillion less than currently promised. This is a cold, hard fact.  Source>>

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