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To: Rusty0604

What’s 5% of $17,000,000,000,000?

Don’t need a PhD in economics to know this is a problem...


13 posted on 02/03/2014 8:07:49 AM PST by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: LucianOfSamasota

And the debt will continue to increase by $600 billion or more per year, especially since we just suspended sequestration for two years with the Ryan-Murray deal.


18 posted on 02/03/2014 8:13:25 AM PST by kabar
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To: LucianOfSamasota

$17 trillion grossly understates the real amount of debt (by over $100 trillion) when the unfunded liabilities are included. See bottom line in link:

http://www.usdebtclock.org/


19 posted on 02/03/2014 8:19:43 AM PST by Starboard
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To: LucianOfSamasota
What’s 5% of $17,000,000,000,000?

About $150 billion less than $20,000,000,000,000, which is where we'll be in Jan 2017.

BTW, 5% of $20T is:


37 posted on 02/03/2014 9:34:40 AM PST by Night Hides Not (For every Ted Cruz we send to DC, I can endure 2-3 "unviable" candidates that beat incumbents.)
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To: LucianOfSamasota

It’s actually $240,000,000,000,000.00 net of taxes.

Search on Lawrence Kotlikoff.


55 posted on 02/06/2014 4:59:27 AM PST by 1010RD (First, Do No Harm)
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