The doom of which I speak is unfunded liabilities - $122 trillion in payments the government owes and has promised its citizens - without the funds to fulfill those obligations.
According to the Treasury Department, total U.S. unfunded liability includes Social Security, federal debt held by the public, plus federal employee and veteran benefits.
Here you can watch our time bomb tick in real time with that $122 trillion in unfunded liabilities as one of the major "Fuses."
Get ready to gag because in 2023 the "Debt Clock Time Machine" projects unfunded liabilities will be $157 trillion, a $35 trillion increase in only four years.
To better understand why unfunded liabilities constitute the least discussed, under-reported national crisis we face, that $122 trillion must be compared to other significant numbers in the U.S economy.
The Debt Clock displays federal tax revenue at $3.3 trillion, but spending at $4.2 trillion.
The Debt Clock projects the national debt will increase to $25.6 trillion.
https://www.realclearpolitics.com/articles/2019/01/10/unfunded_govt_liabilities_--_our_ticking_time_bomb.html
According to the Treasury Department, total U.S. unfunded liability includes Social Security, federal debt held by the public, plus federal employee and veteran benefits.
Here you can watch our time bomb tick in real time with that $122 trillion in unfunded liabilities as one of the major "Fuses."
Get ready to gag because in 2023 the "Debt Clock Time Machine" projects unfunded liabilities will be $157 trillion, a $35 trillion increase in only four years.
To better understand why unfunded liabilities constitute the least discussed, under-reported national crisis we face, that $122 trillion must be compared to other significant numbers in the U.S economy.
The Debt Clock displays federal tax revenue at $3.3 trillion, but spending at $4.2 trillion.
The Debt Clock projects the national debt will increase to $25.6 trillion.
https://www.realclearpolitics.com/articles/2019/01/10/unfunded_govt_liabilities_--_our_ticking_time_bomb.html
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