Posted on 10/17/2021 10:47:33 AM PDT by DUMBGRUNT
And even all that spending isn’t enough: Social Security’s “unfunded liabilities” — how much money the government would need today to make up the difference between the money that will be paid into Social Security in the future and the benefits that have been promised — is about $40 trillion.
How much is $40 trillion? It is all the money in the world — literally: All the cash in circulation, plus all the deposits in checking accounts and savings accounts, adds up to about $40 trillion. That is a big hole to climb out of.
Just as inflation can cause more inflation, one of the biggest drivers of today’s budget deficits are yesterday’s budget deficits. The federal government is currently spending more than half a trillion dollars a year on interest payments for money borrowed in the past — money that already has been spent.
Our budget game is one part musical chairs, one part Russian roulette, and somebody is going to have to lose when the music stops.
(Excerpt) Read more at nypost.com ...
You sure have a low bar for enjoyment seeking
Have a little self respect.
Yes, you are a low bar, but with a little effort you could possibly become…..
Oh, who are we kidding.
You are a low bar.
LOL!
Your too funny...
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