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

[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.

[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

[STEED]

Put it this way, the Black holes are getting full of hidden debt and they who are trying to hide it by cooking the books still a have a few rabbits to pull out the hat before the whole system falls apart.

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.

Thats a good one



Interesting articles there Warhawk.
One illustrates how Japan is still buggered after their bubble went pop a long time ago as they have kept pushing it down the line instead of facing it

[geetrue]

Originally Posted by Tribesman

Thats a good one

No joke ... muslims consider insurance a sin of gambling and they may, on an individual basis say, "No to Obama care"

http://libertyandpride.com/muslims-e...rom-obamacare/

The new Obamacare legislation that was forced on unwilling Americans this week specifically mandates that we all purchase health insurance. That is, unless you don’t believe in that sort of thing. That’s right, the current health care bill contains a clause which exempts certain individuals form the requirements and penalties set forth in it.

”
EXEMPTIONS FROM INDIVIDUAL RESPONSIBILITY REQUIREMENTS.

—In the case of an individual who is seeking an exemption certificate under section 1311(d)(4)(H) from any requirement or penalty imposed by section 5000A, the following information:
In the case of an individual seeking exemption based on the individual’s status as a
member of an exempt religious sect or division, as a member of a health care sharing ministry, as an Indian,
or as an individual eligible for a hardship exemption, such information as the Secretary shall prescribe.”
Senate Bill, H.R. 3590, pages 273-274

There are several reasons why an individual could claim exemption, being a member of a religion that does not believe in insurance is one of them. Islam is one of those religions.

Muslims believe that health insurance is “haraam”, or forbidden; because they liken the ambiguity and probability of insurance to gambling. This belief excludes them from any of the requirements, mandates, or penalties set forth in the bill. Other excluded groups include Amish, American Indians, and Christian Scientists.

So, is it that easy? Is simply being a member of an “recognized religious sect” enough to exempt an individual from Obamacare?

Not quite…the information provided by each individual must first be verified against the records of the Social Security Administration, and possibly Homeland Security, in order to prove citizenship and religious status. If the records are found to be consistent with the information for the individual applying for exemption, only then are they eligible.

If the records are found to inconsistent with such information, the individual applying for exemption is given 90 days to clear up any possible errors with the reporting agencies. That 90 day period can be extended upon the discretion of the Secretary of applicable agencies. If, by the end of this period, the information is still not cleared up, the individual can then apply for an appeal. Whereby exemption can be decided, or reevaluated on a periodic basis, by the individual agencies in question. The appeals process is determined by the individual agencies involved.

In short, each individual applying for exemption must verify that they are citizens and that they are actually members of a “recognized religious sect.”
If the individual can make it through all of the bureaucracy involved in this process, they can then obtain exemption. Trust me the federal government doesn’t want to make it easy for anyone to get out of participating in the system.

The real question is, ”which religions qualify for exemption?” It’s easy to argue that Muslims, Christian Scientists, and the Amish will be “recognized,” because they have a moral conflict with insurance. However, what argument will Christians be able to make for exemption? Will they be able to claim exemption due to a moral conflict with publicly funded abortions? Not likely.

No joke ... muslims consider insurance a sin of gambling and they may, on an individual basis say, "No to Obama care"

Lets see.
Factcheck....check
Urban legend ....check
Journal of accountancy...check
Islamic society of N. America...check
WorldNet Daily....check
Snopes...check

Well done you supplied
LibertyandPride...didn't check the chain e-mail they published as news.


So this is a clause which takes some existing rules and applies them to the new bill
So this is a clause which is not aimed at muslims.

Time for a new crazy conspiracy theory for ya
Obama is a secret Old Order Amish and is putting their existing exemptions into the new legislation.
Watch out the Amish are coming and they have a horse

[Armistead]

Originally Posted by geetrue

No joke ... muslims consider insurance a sin of gambling and they may, on an individual basis say, "No to Obama care"

http://libertyandpride.com/muslims-e...rom-obamacare/

Why couldn't a christian argue that they believe only God heals and that buying insurance would conflict with their faith, causing doubts.....

[AVGWarhawk]

They just might be able to argue their case successfully.

[geetrue]

Just a normal christian (follower of Jesus Christ) does not qualify ...

In short, each individual applying for exemption must verify that they are citizens and that they are actually members of a “recognized religious sect.”
If the individual can make it through all of the bureaucracy involved in this process, they can then obtain exemption.

You must be a "recognized religious sect"

I also fact checked like Tribesman and true the law does not just apply to muslims, but they do qualify.

The owner of hobby lobby has already tried to exempt his company due to the abortion clause with the supreme court denying his request for exemption.

I am a veteran and they have yet to make it clear what we have to do.

The law doesn't even take effect till 2014, but like a hurricane you can feel the storm coming from a long way away.