It denotes the numbers Peter Schippers and Glen Beck has noted, i.e. all Liabilities are in the 211 Trillion Dollar Range.
I am not sure we can get out of this....
I’ve wondered if the Obama/socialist plan all along was to force the dollar into oblivion and begin issuing a new currency with a much tighter government control, a prelude to the end times prophecy that people could not buy or sell without the “mark of the beast”. The technology is already there to make this happen. All they need is someone evil enough and powerful enough to force us into a global currency which they will be able to control.
If you ask me we reached a generational tipping point about 20 years ago. Older Americans have been financially screwing over younger Americans for decades by receiving far more in social security and medicare benefits than they ever paid into the system, even when adjusting for inflation and a return on investment. There will have to be reductions in benefits for affluent seniors, or this country will go bankrupt and we’ll see serious inflation as the government debases the dollar to tax everyone heavily through inflation. When will Pelosi and Reid start to tell the truth about entitlement spending?...probably never.