And unfunded liabilities in the not-so-distant future between $130 trillion and $200 trillion!
Our debt is now going on an asymptotic climb and is beyond the point of no return! Enjoy the ride, kiddies! Wheeee!!!!!!!!!
The good news is that Social Security and Medicare are not actually liabilities. Congress can refuse to make the payouts, or (more likely) modify them as Paul Ryan is proposing, and it will have no negative impact on the nation's credit. If anything, gradually reducing the payouts over time will improve our credit.