Click pic to embiggen and see additional comparisons

$114,500,000,000,000. – US unfunded liabilities
To the left you can see the pillar of cold hard $100 bills that dwarfs the WTC & Empire State Building – both at one point world’s tallest buildings. If you look carefully you can see the Statue of Liberty.

The 114.5 Trillion dollar super skyscraper is the amount of money the U.S. Government knows it does not have to fully fund the medicare program, medicare prescription drug program, social security, military and civil servant pensions. It is the money USA knows it will not have to pay all its bills.

The unfunded liability is calculated on current tax and funding inputs, and future demographic shifts in US Population.

Should we become more like Brazil?




  1. Somebody says:

    Lest anyone think I’m just name calling, Look at #68 were I mention the stagflation of the Carter years.

    That’s an HISTORICAL FACT that could not be dealt with by the LOGIC of Keynesian economics.

    Did Bobbo engage or just enter into a fantasy world where the issue did not come up?

    Anyway, it’s pretty typical for good counter arguments to simply not register with Bobbo.

    Which is why unsuspecting readers of this blog should not be overly impressed by Bobbo’s confidence in his positions.

    Rather, one might be well served to start with the assumption that the truth lies in the opposite direction of Bobbo’s presumptions.

  2. bobbo, are we Men of Science, or Devo? says:

    Ha, ha. You think anyone is “followed” on this blog? How pathetically egotistical. No wonder you are crying for attention.

    So, no proof/argument? Just a reference to the stagflation under Carter and your attentive followers have to figure out the equations?

    Touchstones/guides = not dogma.

    Too silly.

  3. tcc3 says:

    Somebody #68:

    From Wiki:

    “Until recently no macroeconomic policy had been able predict the occurrence of Stagflation.”

    Whats your point? No really, you haven’t made one.


0

Bad Behavior has blocked 4635 access attempts in the last 7 days.