It's About Liberty: A Conservative Forum
Topics => Economy => Topic started by: AlanS on March 06, 2014, 04:07:29 PM
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http://www.justfactsdaily.com/ (http://www.justfactsdaily.com/)
By tallying this newly published data, Just Facts calculates that the federal government has accumulated $71.0 trillion in debts, liabilities, and unfinanced Social Security/Medicare obligations. Spread equally over all U.S. households, this shortfall amounts to an average of $580,000 per household.
During the federal government’s 2013 fiscal year, the official federal deficit was $680 billion, but this comprehensive accounting reveals that the federal government’s fiscal position deteriorated by $3.3 trillion or an average of $27,000 for every household in the U.S.
In reality, all of these figures may be higher, because some of the federal agency projections on which they are based are decidedly optimistic. Most notably, Medicare’s 2013 annual report states that the program’s financial projections “do not represent a reasonable expectation for actual program operations”.
(http://www.justfactsdaily.com/wp-content/uploads/2014/03/publicly_held_federal_debt_1790-2038.png)
This new fact site will hurry the revolution along.
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Aye. We're pickin' up steam, Cap'n! Into the abyss we go!
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Aye. We're pickin' up steam, Cap'n! Into the abyss we go!
Iceberg, dead ahead.
All ahead flank, maybe we can split her in two.
The iceberg or the ship?
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Aye. We're pickin' up steam, Cap'n! Into the abyss we go!
Iceberg, dead ahead.
All ahead flank, maybe we can split her in two.
The iceberg or the ship?
Same difference. Full steam!