[expat_panama]

I see you missed the unfunded $65.9 trillion fiscal-gap laying in commitments this government has signed us all and our children on to.

No, everyone knows that. 

I just didn't want to ramble on with stuff like the treasury will tax those payments to the tune of $20 trillion, that the payments are due in 30 years so at 2.5% inflation they'll amount to $33 trillion, --not to mention the fact that our kids will be smart enough to scrap those stupid entitlements long before any of that stuff ever comes up.

Dang, you got me rambling again!

[ancient_geezer]

Fine, however I really would like you to cite that U.S. Supreme Court ruling you say exists concerning a lack of authority for the national government to levey a general retail sales tax.

Especially considering that retail sales taxes are indirect taxes laid uniformly, i.e. with the same rate and law without regard to location in the United States, a tax definitely within the powers of Congress to lay and collect under Article I, Section 8, clause 1 of the Constitution.

[ancient_geezer]

so at 2.5% inflation they'll amount to $33 trillion

 

"this figure as our own government’s best estimate of its present-value budgetary shortfall."

Apparently you missed the statement, thus in present dollars would be a true $65 trillion.

Inflated future dollars, with which those future budgetary commitments would be made, would be a substantially higher number due to lower valued dollars after loss of purchasing power to provide the same benefit.