Posted on 05/15/2012 8:06:39 AM PDT by Kaslin
The $35B number is much more likely. It's like the US debt is only $16T.
Back in 2008, the Dallas Fed president said the unfunded mandates for SS, Medicare, Medicaid was $99 TRILLION. It's WAY over that now. Add in today's debt which is closer to $20T (or more, since gov accounting lags by 18 months and is fudged beyond belief) and we're at $120 - $150 Trillion in debt.
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