Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: MichCapCon
Why Americans Should Care the U.S. is Approaching $20 Trillion in Debt

20 trillion? What drugs have you been taking? Unfunded obligations are closer to 120 trillion.

All those baby boomer pensions and all that unearned SSDI funding? Medicaid?

We are going to default on those obligations or we are going to crash.

17 posted on 08/02/2016 2:19:39 PM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
[ Post Reply | Private Reply | To 1 | View Replies ]


To: DiogenesLamp

I am really going to prove my ignorance because I don’t know what they are exactly but derivatives are an even bigger issue if I under stand that correctly. Like $750 trillion???


37 posted on 08/02/2016 6:08:44 PM PDT by Wildbill22 ( They have us surrounded again, the poor bastards- Gen Creighton William Abrams)
[ Post Reply | Private Reply | To 17 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson