Jan 16, 2008

The Real National Debt--$58 Trillion

Here's the scoop: the United States of America has $58 trillion in unfunded liabilities. Unless the government drastically cuts spending or enacts massive tax increases (which will kill the economy) or a combination of the two and does so now, we will soon reach a point where the government will not be able to collect enough in tax revenue to pay for its programs (unless it prints more money which will lead to massive inflation)...READ MORE

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