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Yeah I guess clicking on the link posted above would be too difficult and time consuming for you.
One more time just for you buggy.
At the bottom, over on the right side, it does indeed say:
ASSETS PER CITIZEN
LIABILITY PER CITIZEN
And that's just the liabilities that are unfunded mandates, like Social Security, Medicare and dotgov prescription drugs.
They amount to:
$108.4Tr
Total existing US debt:
$ 55.8Tr
When we are shown the official debt numbers, they are bogus.
No one knows how much "we" owe in obligations the Federal Reserve has bought up using thin air, but we do know they have guaranteed all of the mortgages of Freddie and Fannie, and that's a much bigger number than our debt clock.
We do know that every dime of the Social Security and Medicare trust funds that we've paid into all of our lives has been spent in the general fund. The government "borrows' that money every year and blows it. That is an unfunded liability that isn't mentioned.
Next year the first of the baby boomers retires, and for 18 years after that the numbers just increase. There are about 90 million baby boomers, and far fewer younger people to support them in this Ponzi scheme.
Added together, our actual unfunded liabilities total more than $100 trillion which is about $330,000 per person or about one million, three hundred thousand dollars ($1,300,000.00) for every family of four. Yes, our government has run us each that far into debt.
Every US baby born today is $330,000 in debt as it takes its first breath.
Does anyone actually believe that we can afford to pay that? Does anyone actually believe that we can fund the baby boomers' retirements (social security, medicare, government and military retirement) from future tax receipts from the smaller group who will still be working?
Up until now, the working baby boomers paid taxes that supported their parents' retirements, but there are tons of working boomers so it worked out. Now the 90 million boomers won't have a big group behind them supporting them. This is the problem with all Ponzi schemes.
The government will try to print money to pay this, but that will make dollars worthless.
You will see a major default and crash in your lifetime.