Repayment is a pipe dream. Insanity.
It’s gonna crash so hard.
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.
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.
Make it more like $150 trillion.
There’s not enough money or assets in the world to pay this off. They’ve destroyed us—intentionally.
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.
It’s $222 Trillion:
“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.
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.
Filthy Communist parasites!
Why do liberals always say that Iraq and Afghanistan are unfunded? We paid for those already haven’t we?