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Topic: $80 Trillion In Unfunded Liabilities
The True Noose Around Our Necks |
$80 Trillion In Unfunded Liabilities
The True Noose Around Our Necks
Canada Free Press, by Robert Rohlfing
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Original Article
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Posted By:LittleHoodedMonk, 12/1/2012 5:08:46 PM
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| We hear all about the $16 Trillion dollars in debt that our country is in, but the much larger problem and the one that our politicians and citizens do not want to talk about honestly is the $80 Trillion Dollars in Unfunded Liabilities at the federal level. We all know about how the states and local governments are being swamped by these obligations, but we cannot even have an honest discussion about the true nature of the long term problems that we face because for one reason or another it always turns into a Left - vs -Right you-are-wrong-and-stupid argument.
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Comments:
Something to read when you are relaxing over that one new $7 coffee from Starbucks you won´t ever afford again. This is extremely well written and points out that, more or less, we can shorten the fall off the "fiscal cliff" if we act now decisively and quit expecting to ignore for another time. The recent shocking falling US BIRTH rate in this country would wake up any economist to realize that Taxarmegedon is upon US now.
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Reply 1 - Posted by:
dcomd, 12/1/2012 5:21:13 PM (No. 9043445)
Let it all collapse; every last bit!
The Phoenix WILL rise again and this time WE will dictate the terms.
Stay locked and loaded my brethren - it´s NOT going to be peaceful.
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Reply 2 - Posted by:
bkt23, 12/1/2012 5:34:35 PM (No. 9043459)
The WSJ article talking about $80+ trillion misses the mark. The number is far larger - well over $200 trillion - because there are federal, state and municipal pensions, Veterans´ Affairs and other programs that must carry those eligible for them (everyone 18 years old and older in the work force) for the duration of their lives.
This isn´t something we can fix. The government and those running big banks and central banks have literally broken the world´s currencies. We need and we will get a reset.
In order to avoid a new Dark Ages, we must educate people why their dollars won´t work in the future and who did this to them. If we don´t, the phoenix will be one ugly, evil creature indeed.
No, this won´t be peaceful. There will be widespread violence by desperate people. Either you will fall to them or you will defend yourself against them. Prepare accordingly.
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Reply 3 - Posted by:
noddy, 12/1/2012 6:27:23 PM (No. 9043521)
Good article. Thanks OP. You´ve been posting some interesting stuff for us to read.
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Reply 4 - Posted by:
Tanker76, 12/1/2012 7:21:16 PM (No. 9043578)
Go to www.usdebtclock.org and take a look at the numbers displayed - truly shocking
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Reply 5 - Posted by:
curious1, 12/1/2012 7:38:25 PM (No. 9043593)
#4, Thanks. You folks might notice the debt interest exceeds the tax revenue.
And #2 has it right, as of a year ago when I was given the current numbers the total debt exceeded 202 trillion - that´s trillion with a "T", and was continuing to increase.
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Reply 6 - Posted by:
ROLFnader, 12/2/2012 9:16:45 AM (No. 9044245)
Those wacky Canuckians! As if 80 million,million dollars is a big deal.
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Reply 7 - Posted by:
LaVallette, 12/3/2012 6:25:04 AM (No. 9045345)
The Brave New World where the State "looks after" your well being from from conception (abortion), birth (post birth "abortion" by not feeding you) to when you get sick and start costing it money regardless of your age, but the older you are the easier it becomes for it to make the economic decision.
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