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Conspiracies & Cover-ups
Money, Banking and the Fed
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<blockquote data-quote="CaryP" data-source="post: 7366" data-attributes="member: 34"><p><strong>Money, Banking and the Fed</strong></p><p></p><p>Okay Uni,</p><p></p><p>I found an article that I couldn't find that outlines the debt and future obligations in more specific/accurate numbers than just my rough calculations. According to the article, the average household portion of the "hidden debt" reflected by unfunded future obligations is $473K and change, or $53 Trillion in present day unfunded liabilities. In future dollars its more like $200 Trillion. This does not include the existing debt of $7.38 Trillion, the maxed out the debt limit hit this week. That's one hell of a credit limit to max out at. Snow Job said no contributions can be made to federal employee pensions until Congress raises the debt ceiling after the elections. And this was in USA Today, think anybody noticed, or gave much of a rat's ass? A few maybe. Worry about the problem as it's smacking you to the pavement. The great American way. Read 'em weep, or whatever it is you do.</p><p></p><p>Cary</p><p></p><p><a href="http://www.usatoday.com/news/nation/2004-10-03-debt-cover_x.htm" target="_blank">The looming national benefit crisis</a></p><p></p><p></p><p></p><p>Bold highlights in the article are mine. CAP</p></blockquote><p></p>
[QUOTE="CaryP, post: 7366, member: 34"] [b]Money, Banking and the Fed[/b] Okay Uni, I found an article that I couldn't find that outlines the debt and future obligations in more specific/accurate numbers than just my rough calculations. According to the article, the average household portion of the "hidden debt" reflected by unfunded future obligations is $473K and change, or $53 Trillion in present day unfunded liabilities. In future dollars its more like $200 Trillion. This does not include the existing debt of $7.38 Trillion, the maxed out the debt limit hit this week. That's one hell of a credit limit to max out at. Snow Job said no contributions can be made to federal employee pensions until Congress raises the debt ceiling after the elections. And this was in USA Today, think anybody noticed, or gave much of a rat's ass? A few maybe. Worry about the problem as it's smacking you to the pavement. The great American way. Read 'em weep, or whatever it is you do. Cary [url=http://www.usatoday.com/news/nation/2004-10-03-debt-cover_x.htm]The looming national benefit crisis[/url] Bold highlights in the article are mine. CAP [/QUOTE]
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