U.S. liabilities total $87 trillion...

[kraznyi_oktjabr]

...if this article is correct.

The greatest fiscal challenge to the U.S. government is not just its annual deficit but its total liabilities. Our federal balance sheet does not include the unfunded social insurance obligations of Medicare, Social Security, and the future retirement benefits of federal employees. Only in the small print of the financial statements do you get some idea of the enormous size of the unfunded commitments. Today the estimated unfunded total is more than $87 trillion, or 550 percent of our GDP. And the debt per household is more than 10 times the median family income.

Full link: http://www.usnews.com/opinion/mzucke...ebt_print.html

[Skybird]

Nice seeing somebody else posting "exaggerations" like this. If I bring them, people never believe me.

[AVGWarhawk]

$238 trillion

http://www.silverdoctors.com/niall-f...-238-trillion/

$84 trillion


http://dailycaller.com/2012/07/16/re...l-84-trillion/

$144 trillion

http://www.zerohedge.com/article/245...abilities-2015


So what is it gonna be?

[kraznyi_oktjabr]

Originally Posted by Skybird

Nice seeing somebody else posting "exaggerations" like this. If I bring them, people never believe me.

I honestly don't know how accurate that article is. Thats why I posted it here - to get opinions and corrections if article is factually inaccurate.

[AVGWarhawk]

To be honest, I don't believe anyone has a concrete number.

[Catfish]

Well if this is only halfways true, the new trillion for the F-35 is only a minor nuisance

[geetrue]

Uncle Sam will no longer be able to say, "the check is in the mail"

because all government banking will switch to ebt (electronic banking transfer) by march of this year in order to meet the new Obama health care mandates which will include not only putting the money in, but will now allow Uncle Sam to withdraw funds from your ebt, unless you are a muslim of course.

In case you didn't know muslims due to there religion have become one of the few peoples that don't have to registar for Obama helath care plans.

I speak the truth .... just too busy to provide a link right now

[Skybird]

Originally Posted by AVGWarhawk

To be honest, I don't believe anyone has a concrete number.

Yes, but one thing is certain, and I said that many times: the implicit debts (that are the debts mentioned in that article) are several times as big as the explicit debts (that are the ones normally referred to) that usually get mentioned to be around 16 to 19 trillion.

And it is the implicit debts that will break the backbone of this amok running system, not the explicit debts.