The fiscal reality of $100 trillion in unfunded liabilities is becoming apparent. Soon people will forget Greece, center on Puerto Rico. Then the cascade will commence.
Exactly.
You hear the 19 trillion number, which hasn’t moved in 15 days for some reason, but it’s actually 100 trillion. That’s just federal. Add in state and local unfunded future liabilities and there’s not enough wealth in the entire world (much less the U.S.) to pay the debt we’re under.
But that’s the ‘overwhelm the system’ methodology. Top down, bottom up. Crash the system and then remake it a global environmental communist utopia.