Mar 11, 2008
USA is bankrupt!!! America needs to face reality!
Comptroller General David Walker estimates that Washington has promised $53 trillion in Social Security and Medicare benefits without funding them. In real dollars that means every American - this means you - owns a $175,000 share of the federal debt. It's as if you have a second mortgage - for a home you don't own We are in trouble. Today you hear more about unfunded federal liabilities than you heard about the pending mortgage crisis two years ago. But Washington is not acting. And if this story reaches critical mass, then everyone will be in default...READ MORE
at 11:27 AM