T Nation

You Owe $534,000


#1

"The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for"

Entitlements are killing our economy.


#2

Can I post date my check for 3044?


#3

As long as your grandkids co-sign.


#4

Get to work! The overlords are depending on your obedience.


#5

Funny how our unfunded liabilities are greater than the entire world's GDP combined...oh wait, no it's not...

Edit: I stand corrected...it's only close "GWP (gross world product): $63.17 trillion (2010)" from the CIA World Factbook
https://www.cia.gov/library/publications/the-world-factbook/geos/xx.html

Still looks unpayable though.


#6

And your point is?


#7

I'm agreeing with you.


#8

And we will cut nothing because no one wants to feel the pain.

Cut the Military? You hate America

Cut Social Security? You hate poor people

Cut Medicare? You want to kill old people

Cut foreign aid to everyone? Your an anti-semite

Get rid of the department of energy? Really no hate word for this yet so they may happen.

Get rid of the department of education? You hate children

Get rid of the EPA? You want to world to reach 10000000 degree's and everyone to die

Get out of the housing market? You hate poor people

So yeah we are fucked.


#9

This is a fantastic summary. People use extreme sayings to completely shut down conversation.


#10

So we'll just keep printing money until inflation fucks us all.....

It's already starting.
http://www.washingtontimes.com/news/2011/jun/7/lack-of-buyers-may-force-treasury-to-boost-interes/


#11

The proles are afraid and the pols are greedy.