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Dictatorship USA – Run By A Plundering and Murderous Ruling Class — 2019 (280)

The True Size Of The US National Debt, Including Unfunded Liabilities, Is 222 Trillion Dollars

The End of The American Dream blog March 29, 2019


The United States is on a path to financial ruin, and everyone can see what is happening, but nobody can seem to come up with a way to stop it.


According to the U.S. Treasury, the federal government is currently 22 trillion dollars in debt, and that represents the single largest debt in the history of the planet. Over the past decade, we have been adding to that debt at a rate of about 1.1 trillion dollars a year, and we will add more than a trillion dollars to that total once again this year.


But when you add in our unfunded liabilities, our long-term financial outlook as a nation looks downright apocalyptic. According to Boston University economics professor Laurence Kotlikoff, the U.S. is currently facing 200 trillion dollars in unfunded liabilities, and when you add that number to our 22 trillion dollar debt, you get a grand total of 222 trillion dollars.


Of course we are never going to pay back all of this debt.

The truth is that we are just going to keep accumulating more debt until the system completely and utterly collapses.


And even though the federal government is the biggest offender, there are also others to blame for the mess that we find ourselves in. State and local governments are more than 3 trillion dollars in debt, corporate debt has more than doubled since the last financial crisis, and U.S. consumers are more than 13 trillion dollars in debt.

When you add it all together, the total amount of debt in our society is well above 300 percent of GDP, and it keeps rising with each passing year.

The U.S. budget deficit for last month was 234 billion dollars, and that was an all-time record for a single month. Our exploding debt is an existential threat to our nation, and we are literally destroying the bright future that our children and our grandchildren were supposed to have.

And it isn’t just a 22 trillion dollar debt that we are leaving them with. We have also made tens of trillions of dollars worth of future promises that we expect future generations to keep. These are called “unfunded liabilities” because we do not currently have the money to fulfill those obligations.

According to official government projections, the Social Security Administration is facing a 13 trillion dollar unfunded liability over the next 75 years, and Medicare is facing a 37 trillion dollar unfunded liability over the same time frame.

Adding those two numbers together, we get a grand total of 50 trillion dollars.

Where in the world would we ever be able to get so much money when we are already drowning in debt?

Unfortunately, as is so often the case with government projections, those unfunded liability numbers are actually wildly optimistic.

Boston University economics professor Laurence Kotlikoff has been studying our unfunded liability crisis for many years, and according to him the real number is 200 trillion dollars…

According to Kotlikoff we are bankrupt “right now”…

Unfortunately, there is no easy way out. America’s population is rapidly aging, and about half of America’s seniors don’t have anything saved for retirement…

You can spend more money than you are bringing in for quite a while, but eventually a day of reckoning arrives. We have been on the biggest debt binge in the history of the world, and the price that we will pay will be extremely painful indeed.

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Перед нами - коварный и опасный мошенник, расист, лжец и фашист Дональд Трамп, порочный Конгресс, нацистские ФБР - ЦРУ, кровавые милитаристы США и НАТО >>> а также и лживые, вредоносные американские СМ»И».

Нынешние киевские власти — фашистские агенты американского империализма... Именно то, чего хотят Трамр/ США и в Венесуэле!

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Правительство США жестоко нарушало мои права человека при проведении кампании террора, которая заставила меня покинуть свою родину и получить политическое убежище в СССР. См. книгу «Безмолвный террор — История политических гонений на семью в США» - "Silent Terror: One family's history of political persecution in the United States» - arnoldlockshin.wordpress.com

Правительство США еще нарушает мои права, в течении 15 лет отказывается от выплаты причитающейся мне пенсии по старости. Властители США воруют пенсию!!


ФСБ - Федеральная служба «безопасности» России - вслед за позорным, предавшим страну предшественником КГБ, мерзко выполняет приказы секретного, кровавого хозяина (boss) - американского ЦРУ (CIA). Среди таких «задач» - мне запретить выступать в СМИ и не пропускать отправленных мне комментариев. А это далеко не всё...

Арнольд Локшин, политэмигрант из США


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