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US off budget liabilities at $108 trillion?.?
According to a recent newsletter the US has a hidden debt of $108 trillion, vastly more than the publicly know debt. Is this possible and if so when will we officially go bankrupt?
1 Answer
- RickLv 71 decade agoFavorite Answer
Actually the Unfunded Liabilities are 112 Trillion - according to the Debt Clock.
77.7 trillion in Medicare
19.5 trillion in Prescription Drug
14.7 trillion in Social Security
Their foolish plan is called "Quantitative Easing II" - Print Trillions in $$$$ to deflate the $$$ and make borrowed money 'worth less'. It will fail when the voters reject 20-40+ % inflation. They will use the leftist media to blame conservatives, but it won't work.
The drug companies 'helped' write the health care bill = and will profit trillions.
Drug industry profits = 25-50+% - Political Donations are everything to corrupt liberals.
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Source(s): Obama Pharma Deal (Devastating Video) http://www.youtube.com/watch?v=-l3c8QWJaoQ