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?
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".
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.
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.
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...
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.
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.
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
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!!!
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