Is Our Debt Burden Really $100 Trillion? (probably more - 'unfunded liabilities' are a KILLER)

The Atlantic ^ | 11/28/12 | Derek Thompson

[muawiyah]

Current payment on the national debt is in the neighborhood of $38 billion per year. That's an impossibly large number on an individual scale ~ but quite small compared to the debt being carried, and very small compared to the value of the assets held by the US government.

Check it out, how much is invested in each carrier group? That's an asset. We have most of the world's carrier groups, and everybody knows they can be taken out by nukes BUT most of the nations we encounter in an adversarial roll don't have nukes.

We have other forces buried in the ground to deal with the other nuclear powers. At some point we will have incredible robotic machines that will deal sternly with all enemies and while we sleep soundly in our homes they will exterminate nations who threaten us.

[4Liberty]

It’s $222 Trillion:

http://hotair.com/archives/2012/08/09/great-news-the-us-fiscal-gap-just-jumped-11-trillion-to-222-trillion/

[TurboZamboni]

“He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.”- John Hancock ,Declaration of Independence.

[IncPen]

The recent insanity (and, by some, serious consideration) of the ‘Trillion Dollar Coin’ is proof positive that a good number of people will believe anything, no matter how absurd.

[eyeamok]

No legislative body may be bound by a previous legislative body, We have ZERO DEBT and ZERO OBLIGATIONS, it can be changed at the whim of Congress, they just keep going along with the same scam every year.

[Gay State Conservative]

My Dad took a pretty big "haircut",pension-wise,a few years before he died.The *private* company he worked for,once a major one,was driven out of business by a new technology.And then,his haircut! If he could take one *every single* government paycheck recipient (except active and retired members of the Armed Forces) can take a big one as well.

Filthy Communist parasites!

[napscoordinator]

Why do liberals always say that Iraq and Afghanistan are unfunded? We paid for those already haven’t we?