Sunday, July 31, 2011
Unfunded Obligations of U. S. Will Exceed Planetary GDP
From Israel National News by Elad Benari, Video: How Big is the U.S. Debt?
According to the video, the total debt of unfunded obligations – the total amount of money the federal government has borrowed or has promised to pay other people – is $65 trillion, an amount far greater than the economic output of the entire planet.
And with that bit of information it is obvious that The Congress of the United States is living in fantasy land!
Posted by Steve on 07/31 at 03:10 PM
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