Our unfunded liabilities are “only” $123 trillion. Add to that our explosive national debt, currently at $22 trillion and rising fast.
It doesn’t take a genius to see economic storm clouds on the horizon.
Yes, about $144.5 trillion combined, give or take.
The government will inflate the currency so it can pay the debt load with inflated (devalued) dollars.
It has been doing that for a century or more.as a way out of the dilemma it created.
A bag of penny candy cost 2¢ or 3¢ in 1950 - now it costs $2.00 or more.
The median home price in 1950 was around $6,000.
The median home price today is around $226,000.
(https://www.zillow.com/home-values/)
A new Chevrolet cost about $1,600 in 1950.
A new full size Chevrolet costs about $30,000 today.
In another 50 or 60 years it will cost $600,000.
Median family income 1950 - $3,300
Median family income 2017 - $74,000
(https://www.deptofnumbers.com/income/us/)