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To: Libloather

Yes, our future unfunded promises are impossibly huge. This is made even more egregious because government is borrowing to fund present spending with no intention of ever repaying. The net result is that we have allowed ourselves to be placed in permanent servitude to service this debt.

The land of the free has sold themselves into serfdom.

The only reservation I have to the claims about the size of the future unfunded debt is that they don’t net out that debt by any income or payments, however small they may be.

This particularly applies to unfunded future obligations of Social Security, a program that receives the FICA wage tax.


17 posted on 01/06/2013 2:42:19 PM PST by theBuckwheat
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To: theBuckwheat
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.

21 posted on 01/06/2013 3:18:09 PM PST by muawiyah
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