Every American owes $33,000 and the troubles go away

Discussion in 'Economics' started by Joab, Oct 14, 2008.

  1. GTS

    GTS

    Its amazing that someone would "add up" future "unfunded liabilities" over an "infinite horizon" and then make the statement that the US owes $100 Trillion.

    Using the same logic I will probably spend at least a million dollars over my lifetime so someone could say I am in debt right now for a million...makes about as much sense.

    The gov't can make changes to entitlement programs at any time which would radically change the assumptions about these future liabilities.
     
    #11     Oct 15, 2008