It worth taking note that the United States government has just surpassed the $18 trillion mark. Of course, that is almost a symbolic mark given the avalanche of debt coming in the form of unfunded future liabilities. Most of these unfunded liabilities are related to promised spending on Social Security, Medicaid, and Medicare, but there are sources as well. We have seen credible sources estimate these liabilities in excess of $200 trillion, but even more optimistic estimates will see the national debt swell to $100 trillion in just a few decades. mises.org/blog/us-national-debt-crosses-18-trillion
Posted on: Wed, 17 Dec 2014 17:17:36 +0000
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