it’s not 28 trillion..
it’s about 230 trillion.. people always leave out unfunded liabilities.
They leave them out because it is stupid to include them in counting debt. When you look at your debt, do you include every dollar you will spend for the rest of your life, not accounting for any income? of course not, because that would be stupid.
You are absolutely correct and its a point I have made numerous times on FR but not sure that people were believing it so I kind of gave up with attempting to be precise. The unfunded liabilities are so obscene I can understand why some may have trouble grasping the magnitude and implications of this enormous, unsustainable burden.