Posted on 01/04/2011 9:45:45 AM PST by survivingcalifornia
OOPS
About $1,243,000 per taxpayer over the next 30 years with no new debt added!
Yep, the unfunded liabilities. Last report I saw put it at $112 trillion. Mind-boggling.
HAHA! I wished I would have thought of that one!
Thanks for the laugh. I really needed it today.
SS, Medicare, public employee retirement bennies, and all the other benefits are just not going to be paid.
The question is not how much unfunded liabilities we have, the question is what happens.
Right now the government via the Fed is kicking the can and inflating (devaluing the currency) hoping for a short term fix. It cannot work, the elephant is too big.
So we either get serious about the problems and start on a 20 year plan to fix our economy or we are facing hyper inflation or a deflationary depression. We may end up with either/both anyway. Our leaders are doing such a disservice by leading us to believe that we can somehow fix this scenario without major changes in the way we operate in the US.
I hope for the best but fear the worst.
schu
Yes, that is what I wrote about further into the article. Sorry, I didn’t understand the exact etiquette in posting.
It is $100 Trillion NOT INCLUDING student loans, etc.
You have violated the blogpimp code.
1) You posted the entire blog text. Tsk Tsk
2) You actually responded on this forum instead of remaining on your own blog site waiting for comments there. Sigh.
That, and there isn’t even a post by Humblegunner in the thread.
No! Really! I didn’t. I think that is the problem. I had the tradition backwards. I only posted the first part of it thinking that if people liked it, then they would click through.
Guess I still think in “old school” from when memory was more ‘expensive’.
:-))
I have to laugh at all the self-appointed little “hall-monitors” (and you know who you are) that are so quick to complain about an excerpted blog or vanity in a section called “bloggers & personal”. Perhaps we should get them a special sash, or a top-hat with a badge so they can feel even more important about themselves as they make their appointed rounds, keeping the halls of freerepublic.com clear of... what, new contributors?
All kidding aside, just post your content and ignore the Barney Fifes. There are plenty of us lurkers who *DO* appreciate your contributions, whether excerpted or not.
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