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DerekWills July 25th, 2015 2:06pm

The U.S. has over $123 Trillion in unfunded liabilities. An unfunded liability is money owed at some future time and the money for which has not been budgeted (think of a government pension plan for example). Do you consider this a major problem?

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BarryB 00000
07/26/15 5:02 pm

It's a problem but it's more concerning that the focus and hand wringing is over on gay marriage and bakeries, confederate flags, whether Caitlyn Jenner is a hero and other "noise".

tidford My little piece of heaven
07/26/15 10:21 am

Look at huge problem tiny Greece is world, and the fear that it will collapse the world economy. When we get there, and we will if the Socialist wing of the Democrats prevail, then WWIII is all but certain just WWII as was born from Depression.

BRPhillyUSMC 19134
07/26/15 9:52 am

Consider this, if you were to spend 1.37 million dollars per day, every day for 2000 years , you will have spent ONE trillion dollars !

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Hooah Fmr. Zia
07/26/15 6:59 am

No. The debt is secure and an asset.

addisonbry Virginia
07/26/15 5:52 am

Nobody here knows how national debt works...

TomM
07/25/15 10:50 pm

Yes and now let's do something about it.

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deadcat
07/25/15 10:47 pm

All that are saying this is a tax problem are reading too many liberal propaganda pamphlets. The total wealth US citizens about $83 trillion. This means everyone could sell all their possession and you still wouldn't pay this off.

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DerekWills Lone Star Gun Rights
07/26/15 6:25 am

We could also sell the top 5 gold reserves (US, Italy, Germany, France, and China) as well as the reserves held by the IMF and only get $1.4T from it at current gold prices...

allswel Minnesota
07/25/15 8:27 pm

Your question makes it sound like we are not paying, or are unable t any the interest on these funds, which is far from true. I am not blowing it off, but it is not the major issue of our times.

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allswel Minnesota
07/25/15 8:29 pm

A better comparison would be what the cost of funding this is as a percent of the annual GDP, or a percent of our annual budget, and compare that over time, or to other countries.

thatguy2 I am Antifa
07/25/15 4:29 pm

A consequence of continually reducing tax rates.

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DerekWills Lone Star Gun Rights
07/25/15 5:57 pm

This has nothing to do with tax rates. These are liabilities entered into by the government with no plan to pay.

thatguy2 I am Antifa
07/25/15 6:47 pm

They entered into them when rates of taxation were higher which is how they would have been paid for.

DerekWills Lone Star Gun Rights
07/25/15 8:54 pm

They entered into them without a plan. Medicare, Medicaid, Section 8 housing, Social Security (after they bankrupted the account that WAS paid into by everyone), SNAP, etc. They kept expanding it and expanding it and expanding it because that's what

DerekWills Lone Star Gun Rights
07/25/15 8:55 pm

liberals and liberal Republicans do. Obamacare is a HUGE chunk of our unfunded liabilities. Some estimates even put it at over $215 Trillion.

Ailuro49 Just MY own opinion
07/25/15 3:56 pm

OMG yes! As a retired accountant I see this as a MAJOR shoe about to drop & it has the potential to turn the USA economy into the same mess as Greece.

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nekmor Round Rock TX
07/26/15 8:33 am

There is no conceivable system under which any entity (government, business or personal) can overspend their income by geometrically increasing amounts and not result in bankruptcy. Greece is a good example. I couldn't hit yes hard enuff!!!

suppressedID I cant breathe
07/25/15 2:39 pm

Lets just annex Brazil.

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TierasPet
07/25/15 8:17 am

Yes along with unfunded mandates.

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Diogenes HappyIndependenceDay
07/25/15 8:02 am

It will be forgotten after the NWO arises.

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think4yourself Not a safe space
07/26/15 8:35 am

The NWO would use it as an excuse to confiscate wealth from those that are not part of their group.

Casper Deep inthe Heart ofTexas
07/25/15 7:57 am

Obviously it won't be paid back with our current system.

sdbrev210 The Pursuit of Happiness
07/25/15 7:17 am

Not really...I'm pretty sure we'll find enough gold and platinum on the next planet we visit to pay that back 10x.