Thursday, May 29, 2008

98 Trillion unfunded DEBT on US Taxpayer - FedReserve Speech

Inflation, US Dollar - No combo of tax hikes & spending cuts, though, will change the total burden borne by current & future generations. For the existing unfunded liabilities (just SS & Medicare) to be covered...someone must pay $99.2 trillion more (68% tax rise) or receive $99.2 trillion less than currently promised. This is a cold, hard fact.

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