Thread: Economics The Debt Ceiling Approacheth
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Old 01-06-2013, 02:28 PM   #37
Comrade Crapski Comrade Crapski is offline
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Join Date: Mar 2012
Location: Sea of Green 23.4
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The U.S. national debt comes out to about $16 trillion today. That's something.

But it's nothing compared to the extra $87 trillion in unfunded liabilities to Social Security, Medicare, and federal pensions. Here's how that works. If you add up all of the U.S. government's promises to pay retirement and health care benefits for the next 75 years and subtract the projected tax revenue dedicated to those programs over the next 75 years, there is a gap. A $87 trillion gap -- in addition to a $16 billion hole.

http://www.theatlantic.com/business/...illion/265644/
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