This doesn’t include unfunded liabilities
Unfunded liabilities such as social security, are a huge problem.
Some say the social security liabilities will be paid by putting more money in circulation, as time goes on.
The thinking is that the promised amounts will be paid, however, due to the resulting inflation, the buying power of the social security benefits will be nowhere near what it is today for today’s elderly.
I have seen estimates that run as high as 200 Trillion when you throw these in.
The U.S. Constitution prohibits this in Article Four, Section Four.
The United States shall guarantee to every State in this Union a Republican Form of Government
a "Republican" form of government is one in which citizens elect someone to represent their interest at the big table in Washington, D.C. Everyone seated at that table is there to represent the interest of the people who voted them in. How then can you say you are representing the interest of someone who is not yet born? You can't. This means that for those who are not yet born to receive the GUARANTEE of a republican form of government, you cannot burden them with debt they were not present to express their interest in. That guarantee has been broken as it pertains to them. The U.S. Constitution clearly says that this is GUARANTEED. We can't pass our debt on to them if it is to be kept.
Unfunded liabilities will remain unfunded.
Your expectations for what those liabilities cover, if you are a recipient will need to be recalibrated downward significantly