Showing posts with label us owns 62 trillion unfunded obligations. Show all posts
Showing posts with label us owns 62 trillion unfunded obligations. Show all posts

Wednesday, June 8, 2011

U.S. owes $62 trillion Unfunded Obligations

“U.S. owes $62 trillion!

Unfunded obligations amount to
$534,000 per household” 2011




As the article pointed out, our country’s fiscal woes are far deeper than just the often-cited $1.5 trillion in new debt related to the budget deficit.

In fact, once you add in all the money that has been promised to Medicare and Social Security recipients the government’s total unfunded obligations rise more than 40-fold!




The massive our country’s looming fiscal crisis has the power to destroy your income ... your savings ... your buying power ... and rob you of your home and even your liberty.

There’s still time to protect your family and your finances. You need to protect yourself and invest in gold as well as provide your family with six months of food and water.