U.S. Unfunded Liabilities = $114.5 Trillion (graphics)August 7, 2011 0 Comments
$114,500,000,000,000 = $114.5
In the last
representation you can see the pillar
of cold hard $100 bills that dwarfs the World Trade Center and
Empire State Building - both at one point world's tallest
buildings. If you look carefully you can see the Statue of
The 114.5 Trillion dollar super-skyscraper is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions. It is the money USA knows it will not have to pay all its bills.
If you live in USA this is also your personal credit card bill; you are responsible along with everyone else to pay this back. The citizens of USA created the U.S. Government to serve them, this is what the U.S. Government has done while serving The People.
The unfunded liability is calculated on current tax and funding inputs, and future demographic shifts in US Population.
Source: Federal Reserve & www.USdebtclock.org