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To: tacticalogic
Don't confuse debt with unfunded liabilities.

And you never said what time frame.

153 posted on 08/27/2009 6:22:22 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
Don't confuse debt with unfunded liabilities.

And you never said what time frame.

The unfunded liabilities seem to be mostly in Medicare and Social Security, so the time frame looks to be around 30 years.

The demographics of the situation are that the bulk of it will be sooner, rather than later. The baby boom generation is starting to retire. All the money they put into SS that was supposed to pay their benefits has already been spent on other things, and there isn't enough money coming in to cover the projected expenses. How can that not translate into debt?

163 posted on 08/27/2009 8:02:51 AM PDT by tacticalogic ("Oh bother!" said Pooh, as he chambered his last round.)
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