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Message started by justin_o_guy2 on 08/12/13 at 11:29:51

Title: national-debt-is-really-70-trillion
Post by justin_o_guy2 on 08/12/13 at 11:29:51
http://www.thenewamerican.com/usnews/congress/item/16264-university-of-california-study-the-national-debt-is-really-70-trillion


Nevertheless what they did uncover appeared on pages 46, 47, and 48, deep into the report: When adding up the unfunded liabilities of all “social insurance,” the present value of future expenditures in excess of future expected revenue came to $38.5 trillion, more than twice what is publicly admitted.

When Rep. Jim Cooper (D-Tenn.) read the report, he said, “The federal government is the last accounting-free zone in America!” Two former congressmen, Christopher Cox and Bill Archer, were equally appalled: “The U.S. Treasury ‘balance sheet’ does … not include the unfunded liabilities of Medicare, Social Security and other outsized and very real obligations.”

Title: Re: national-debt-is-really-70-trillion
Post by srinath on 08/12/13 at 12:37:37
Yes it is, and Bushies ran it up to 69.99 trillion, and you're complaining about that last .01 trill Obama ran up that made it 70 ...

Oooo sorry ... both legs in a fire ... that fire is burning with Dollar bills and is toasty warm ... I have a couple of chicken legs in there too for a snack.

Cool.
Srinath.

Title: Re: national-debt-is-really-70-trillion
Post by Midnightrider on 08/12/13 at 14:11:48
70 trillion, 17 trillion, these are just words on a piece of paper to most Americans. They're not gonna care until it hits home, till there's nothing to eat, till the countries we gave to start firing upon us. Just a number on a piece of paper, no big deal.

Title: Re: national-debt-is-really-70-trillion
Post by srinath on 08/12/13 at 15:33:57

4B6F62686F616E72746F626374060 wrote:
70 trillion, 17 trillion, these are just words on a piece of paper to most Americans. They're not gonna care until it hits home, till there's nothing to eat, till the countries we gave to start firing upon us. Just a number on a piece of paper, no big deal.


But I will always have the 2 legs that are in the fire to eat ... 2 chicken legs in a fire.
Cool.
Srinath.

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