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This is depressing but a grim reminder of 4 more Obama years.
1 posted on 11/05/2012 9:42:11 AM PST by whitedog57
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To: whitedog57

“The Maastricht Treaty was fundamentally flawed. The architects of the euro recognized that it was an incomplete construct: it had a common central bank but it lacked a common treasury that could issue bonds that would be obligations of all the member states.” - George Soros

http://www.georgesoros.com/articles-essays/entry/the_tragedy_of_the_european_union/


2 posted on 11/05/2012 9:48:31 AM PST by PGalt
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To: whitedog57

“The Maastricht Treaty was fundamentally flawed. The architects of the euro recognized that it was an incomplete construct: it had a common central bank but it lacked a common treasury that could issue bonds that would be obligations of all the member states.” - George Soros

http://www.georgesoros.com/articles-essays/entry/the_tragedy_of_the_european_union/


3 posted on 11/05/2012 9:49:14 AM PST by PGalt
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To: whitedog57

A vote for Obama is a vote for inflation and bad government checks, I couldn’t give them everything I own and my earnings until retirement and pay off $1,058,193.


4 posted on 11/05/2012 9:56:12 AM PST by Son House (Romney Plan: Cap Spending At 20 Percent Of GDP.)
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To: whitedog57

Unfunded liabilities are ordinarily imputed given some preset long term interest condition ~ so, what is it? This article doesn’t tell you, but if it’s ZERO PERCENT it will be far different than if it’s EIGHT PERCENT. There are numerous present value calculators on the net ~ here’s one to play with ~ http://www.timevalue.com/products/tcalc-financial-calculators/present-value-calculator.aspx


5 posted on 11/05/2012 10:38:49 AM PST by muawiyah
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To: whitedog57

Unfunded liabilities are ordinarily imputed given some preset long term interest condition ~ so, what is it? This article doesn’t tell you, but if it’s ZERO PERCENT it will be far different than if it’s EIGHT PERCENT. There are numerous present value calculators on the net ~ here’s one to play with ~ http://www.timevalue.com/products/tcalc-financial-calculators/present-value-calculator.aspx


6 posted on 11/05/2012 10:40:41 AM PST by muawiyah
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To: whitedog57

The U.S. Debt Clock is a national treasure, but it only tells half the story. The actual amount of U.S. unfunded liabilities is $222T http://www.bloomberg.com/news/2012-08-08/blink-u-s-debt-just-grew-by-11-trillion.html. The clock only accounts for the unfunded liabilities related to Medicare and Social Security, which currently amount to $121T.

The $222T figure represents ALL unfunded liabilities being incurred by Uncle Sam over the next 75 years. For example, Obamacare alone added $17T in unfunded liabilities related to Medicaid and new Exchange subsidies. http://budget.senate.gov/republican/public/index.cfm/budget-background?ID=1d79552a-2560-4dab-ab3f-d40c2da00b28

Add to that $16.2T in national debt (which is reported at the Debt Clock but is not part of the $121T in unfunded liabilities).

Now add another $38T in state and local unfunded liabilities, according to Niall Ferguson. http://www.bbc.co.uk/news/world-18456131

So the grand total in government debt already incurred plus unfunded promises amounts to $266T. This amounts to roughly $3 million per family (U.S. Debt clock shows 85 million families).

This election is between a candidate who believes this is no big deal and is perfectly content to add trillions more to our existing debts and a candidate running with an extremely knowledgeable and talented budget expert who will be tasked with getting entitlements under control. The choice couldn’t be more clear.


8 posted on 11/05/2012 12:23:35 PM PST by DrC
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To: whitedog57

The U.S. Debt Clock is a national treasure, but it only tells half the story. The actual amount of U.S. unfunded liabilities is $222T http://www.bloomberg.com/news/2012-08-08/blink-u-s-debt-just-grew-by-11-trillion.html. The clock only accounts for the unfunded liabilities related to Medicare and Social Security, which currently amount to $121T.

The $222T figure represents ALL unfunded liabilities being incurred by Uncle Sam over the next 75 years. For example, Obamacare alone added $17T in unfunded liabilities related to Medicaid and new Exchange subsidies. http://budget.senate.gov/republican/public/index.cfm/budget-background?ID=1d79552a-2560-4dab-ab3f-d40c2da00b28

Add to that $16.2T in national debt (which is reported at the Debt Clock but is not part of the $121T in unfunded liabilities).

Now add another $38T in state and local unfunded liabilities, according to Niall Ferguson. http://www.bbc.co.uk/news/world-18456131

So the grand total in government debt already incurred plus unfunded promises amounts to $266T. This amounts to roughly $3 million per family (U.S. Debt clock shows 85 million families).

This election is between a candidate who believes this is no big deal and is perfectly content to add trillions more to our existing debts and a candidate running with an extremely knowledgeable and talented budget expert who will be tasked with getting entitlements under control. The choice couldn’t be more clear.


9 posted on 11/05/2012 12:26:14 PM PST by DrC
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To: whitedog57

Fiscal Cliff: Liability for unfunded liabilities equals $1,058,193 per taxpayer!

No problem the Fed will just print money so fast that it cost $10,000 for a gallon of gas or $5,000 for a loaf of bread. Then we can pay all our bills, with INTREST!

sarcaism off/


10 posted on 11/05/2012 12:44:20 PM PST by 2001convSVT (Going Galt as fast as I can.)
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To: whitedog57

btt


12 posted on 11/05/2012 2:23:18 PM PST by KSCITYBOY
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To: whitedog57

The U.S. Debt Clock is a national treasure, but it only tells half the story. The actual amount of U.S. unfunded liabilities is $222T http://www.bloomberg.com/news/2012-08-08/blink-u-s-debt-just-grew-by-11-trillion.html. The clock only accounts for the unfunded liabilities related to Medicare and Social Security, which currently amount to $121T.

The $222T figure represents ALL unfunded liabilities being incurred by Uncle Sam over the next 75 years. For example, Obamacare alone added $17T in unfunded liabilities related to Medicaid and new Exchange subsidies. http://budget.senate.gov/republican/public/index.cfm/budget-background?ID=1d79552a-2560-4dab-ab3f-d40c2da00b28

Add to that $16.2T in national debt (which is reported at the Debt Clock but is not part of the $121T in unfunded liabilities).

Now add another $38T in state and local unfunded liabilities, according to Niall Ferguson. http://www.bbc.co.uk/news/world-18456131

So the grand total in government debt already incurred plus unfunded promises amounts to $266T. This amounts to roughly $3 million per family (U.S. Debt clock shows 85 million families).

This election is between a candidate who believes this is no big deal and is perfectly content to add trillions more to our existing debts and a candidate running with an extremely knowledgeable and talented budget expert who will be tasked with getting entitlements under control. The choice couldn’t be more clear.


13 posted on 11/05/2012 2:37:06 PM PST by DrC
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