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To: GlockThe Vote

Here is the video.

http://www.youtube.com/watch?v=Q-w-8fXzwQE&feature=player_embedded


2 posted on 02/15/2011 7:49:08 AM PST by GlockThe Vote (Who needs Al Queda to worry about when we have Obama?)
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To: GlockThe Vote

Sadly, this guy has grossly UNDEREXAGGERATED the size of the problem. Unfunded liabilities amount to $112T, not $65T. This is more than double the net worth of U.S. households.
http://www.usdebtclock.org/

The combination of our current debt plus these unfunded liabilities ($126T) is about 2/3 higher than world GDP ($74T). https://www.cia.gov/library/publications/the-world-factbook/geos/xx.html

In light of these figures, to be quibbling about whether to fund NPR or high speed trains to nowhere is LUDICROUS. It’s like a family debating whether to buy a new car when their bank is close to reaching the point of foreclosing on their mortgage. Memo to family: STOP SPENDING. You can’t afford a new clock radio, much less a car.


6 posted on 02/15/2011 8:17:27 AM PST by DrC
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