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The Net Present Value of the unfunded liability exceeds the net worth of the country. That's BROKE by any standard or creative definition of the word.

Duz that meen we owe more than we got???

I have been hearing this for over 40 years and I will hear it as long as I live. While what you say may be true today, there is no way to tell what will happen in the future, near or far. A large part of our liability is SS and Medicare/caid. Suppose both of these programs were put into the private sector and people funded their own, as has been proposed for SS. Suppose all education was done by private contractors who have already proved they can attain better results for less money? The Gov't will still pay but the cost per pupil will be far less and the unions will be out of it (if the private educators are smart)

My point is the nation will not go bankrupt simply because it cannot be allowed to go bankrupt. There is a saying that if you owe the bank 1 million dollars you are in trouble. But if you owe the bank 1 billion dollars the bank is in trouble.

AS things currently stand, if America goes down the financial tubes the rest of the world follows. Will this change in the future? Maybe, probably, but by the time that happens we will have had the chance to do something along the lines of what i have suggested. Will we do it? It depends on how much the morons in the Congress actually care about the country vs how much the care about getting re elected.

Not arguing with your formula, but how do you determine the net worth of a country?