The United States is secretly going broke … -you-think

[quote]The former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion.

Dave Walker, who headed the Government Accountability Office (GAO) under Presidents Bill Clinton and George W. Bush, said when you add up all of the nation’s unfunded liabilities, the national debt is more than three times the number generally advertised.

“If you end up adding to that $18.5 trillion the unfunded civilian and military pensions and retiree healthcare, the additional underfunding for Social Security, the additional underfunding for Medicare, various commitments and contingencies that the federal government has, the real number is about $65 trillion rather than $18 trillion, and it’s growing automatically absent reforms,” Walker told host John Catsimatidis on “The Cats Roundtable” on New York’s AM-970 in an interview airing Sunday.[/quote]

Does the Light Worker know about this?

The unfunded liability thing again? What is the tipping point of expansive explanations that will finally put this one to bed?

I think it’s simply that economic illiteracy goes away one funeral at a time.

Not to mention the Social Security Trust Fund. There’s a gazillion dollars in that piggy bank and they’ve just started tapping its funds so it will be at least another twenty years before Social Security checks start bouncing.