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Piece from November. Doesn't matter. The debt hasn't gone down. Just a few FR posts -

12/30/12 - Mort Zuckerman: Brace For an Avalanche of Unfunded Debt

11/27/12 - Oh, About Those Unfunded Liabilities

11/05/12 - Fiscal Cliff: Liability for unfunded liabilities equals $1,058,193 per taxpayer!

4/24/12 - Each U.S. Household’s Share of Unfunded Medicare And Social Security Liability Is Over $538K

4/24/12 - Social Security faces unfunded liability of $8.6 trillion; debt equals $73,167.83 per US household

2/16/12 - The State and Local Pension Crisis (Add these to the unfunded liabilities of the Federal Gov't)

6/07/11 - US Government Now Owes $61.6 TRILLION in Unfunded Mandates

3/18/11 - Gingrich Says He Doesn't Regret Supporting Medicare Drug Plan Which Is Now a $7.2 Trillion Unfunded

2/05/11 - 2010 Report to Congress on the Benefits and Costs of Federal Regulations and Unfunded Mandates

12/20/10 - $24.5 Trillion In US National Debt, $144 Trillion In Unfunded Liabilities In... 2015


1 posted on 01/06/2013 1:26:13 PM PST by Libloather
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To: Libloather

Repayment is a pipe dream. Insanity.


2 posted on 01/06/2013 1:32:34 PM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: Libloather

It’s gonna crash so hard.


3 posted on 01/06/2013 1:32:58 PM PST by ClearCase_guy (Nothing will change until after the war.)
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To: Libloather

Why don’t they tell us about these unfunded liabilities? Simple. They’re not real. You see, they are just promises to pay in the future. When push comes to shove the government can and will just wave a magic wand and these liabilities all go away. People will suffer but since when does big government care about that? Besides, what are they going to do, sue? Right.


4 posted on 01/06/2013 1:33:10 PM PST by pepsi_junkie (Who is John Galt?)
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To: Libloather

This Ponzi scheme makes the Madoff scheme look like peanuts!

The question is “How fast and hard will it fall?”

I think the fact that the government is purchasing bulk ammunition and trying to take guns from the populace says it is close.


7 posted on 01/06/2013 1:53:56 PM PST by tired&retired
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To: Libloather

Make it more like $150 trillion.


11 posted on 01/06/2013 2:22:08 PM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Libloather

There’s not enough money or assets in the world to pay this off. They’ve destroyed us—intentionally.


12 posted on 01/06/2013 2:29:32 PM PST by WKUHilltopper (And yet...we continue to tolerate this crap...)
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To: Libloather

Yes, our future unfunded promises are impossibly huge. This is made even more egregious because government is borrowing to fund present spending with no intention of ever repaying. The net result is that we have allowed ourselves to be placed in permanent servitude to service this debt.

The land of the free has sold themselves into serfdom.

The only reservation I have to the claims about the size of the future unfunded debt is that they don’t net out that debt by any income or payments, however small they may be.

This particularly applies to unfunded future obligations of Social Security, a program that receives the FICA wage tax.


17 posted on 01/06/2013 2:42:19 PM PST by theBuckwheat
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To: Libloather

It’s $222 Trillion:

http://hotair.com/archives/2012/08/09/great-news-the-us-fiscal-gap-just-jumped-11-trillion-to-222-trillion/


22 posted on 01/06/2013 3:38:01 PM PST by 4Liberty (Some on our "Roads & Bridges" head to the beach. Others head to their offices, farms, libraries....)
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To: Libloather

“He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.”- John Hancock ,Declaration of Independence.


23 posted on 01/06/2013 4:06:36 PM PST by TurboZamboni (Looting the future to bribe the present)
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To: Libloather

No legislative body may be bound by a previous legislative body, We have ZERO DEBT and ZERO OBLIGATIONS, it can be changed at the whim of Congress, they just keep going along with the same scam every year.


25 posted on 01/06/2013 6:27:15 PM PST by eyeamok
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To: Libloather
My Dad took a pretty big "haircut",pension-wise,a few years before he died.The *private* company he worked for,once a major one,was driven out of business by a new technology.And then,his haircut! If he could take one *every single* government paycheck recipient (except active and retired members of the Armed Forces) can take a big one as well.

Filthy Communist parasites!

26 posted on 01/06/2013 6:29:10 PM PST by Gay State Conservative (When Robbing Peter To Pay Paul,One Can Always Count On Paul's Cooperation)
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To: Libloather

Why do liberals always say that Iraq and Afghanistan are unfunded? We paid for those already haven’t we?


27 posted on 01/07/2013 7:31:50 AM PST by napscoordinator (GOP Candidate 2020 - "Bloomberg 2020 - We vote for whatever crap the GOP puts in front of us.")
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