http://www.thenewamerican.com/usnews/congress/item/16264-university-of-califo...


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.”

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.