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To: tacticalogic
The figures I've seen for the unfunded liabilities of the federal government are at 59T.

Due when?

Not due now, due over what period of time?

Let's say it's 30 years, at $13T GDP, that's $59T of unfunded liabilities to be paid by taxing $390T in GDP.

Love your tagline.

167 posted on 08/27/2009 8:14:29 AM PDT by Petronski (In Germany they came first for the Communists, And I didn't speak up because I wasn't a Communist...)
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To: Petronski
Let's say it's 30 years, at $13T GDP, that's $59T of unfunded liabilities to be paid by taxing $390T in GDP.

When they say "unfunded", I'm assuming they're looking at projected outlays compared to projected receipts. The taxes have already been taken into account. Is that not the case?

169 posted on 08/27/2009 8:29:40 AM PDT by tacticalogic ("Oh bother!" said Pooh, as he chambered his last round.)
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