$80 Trillion In Unfunded Liabilities The True Noose Around Our Necks

by Robert Rohlfing

We hear all about the $16 Trillion dollars in debt that our country is in, but the much larger problem and the one that our politicians and citizens do not want to talk about honestly is the $80 Trillion Dollars in Unfunded Liabilities at the federal level.

We all know about how the states and local governments are being swamped by these obligations, but we cannot even have an honest discussion about the true nature of the long term problems that we face because for one reason or another it always turns into a Left-vs-Right you-are-wrong-and-stupid argument. We have those in congress such as Dick Durbin and Chuck Schumer who will not even let this be discussed in all the negotiations that we currently hear about going on with the debt crisis that this government created.  It is easy to understand that they do not want to do so as it exposes the blatant mistakes that those in government have made over the years and this includes those from both sides. They are well aware of the true nature of the fact that if we do not address this head on and across the board that we are only just kicking the can down the road further. Eventually that can comes to rest and what you get is an economic collapse.

The hard thing to understand is that the economic collapse does not only effect the United States alone but also the world economy as a whole. There are different ways that people think that we can start climbing out of this from raising taxes to creating the mechanisms for inflation to increase. All of these things sadly are going to occur regardless under the current path that we seem to be going down. We hear so much about raising the taxes on the upper percent, but what so many fail to understand is that we are obligated to around $7 Trillion dollars a year on average just to cover our obligations from pensions to Medicare and Social Security and that is just going up as the baby boomer generation hits full stride in retiring. Raising taxes is not the only way to get out of this problem long term, we have to reduce our obligation to these liabilities and reduce the coverage over all in the end. It will not happen today because no one in politics has the guts to do so because they are all too worried about getting reelected, but at some point economics catches up to politics and we are on the verge of crossing the Rubicon now and in the near future.

Continue reading: http://www.canadafreepress.com/index.php/article/51444

Views: 433

Reply to This

Replies to This Discussion

:)

Too bad "US citizens" have contracted to pay off, and be collateral for, the debt that Corp US says they owe. I'm no longer of that "status". I have my docs at hand that will enable me to discharge any debt using my exemption. It's all according to Public Policy.

The bad part is having to deal with all the people who did not prepare. And I'm not talking about food, water, etc. I'm talking about administratively. What's comming up is not going to be fun, that's for sure. 

RSS

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega commented on Doc Vega's blog post “Night of Horror” Finland WWII 1939 and a Russian Massacre
"Just another bizarre chapter in WWII that seems more suspect as paranormal."
3 hours ago
Doc Vega's 7 blog posts were featured
5 hours ago
Burbia's blog post was featured

Former President Trump?

When was this article written? It is attributed to Victor Davis Hanson. He is a Fellow at Hoover…See More
5 hours ago
Less Prone commented on Burbia's blog post Former President Trump?
"It must be an unintended mistake "former". But that Trump demanded to keep Khan away is a…"
5 hours ago
Less Prone favorited Doc Vega's blog post The Mistake We Made in America
5 hours ago
Less Prone favorited Doc Vega's blog post “Night of Horror” Finland WWII 1939 and a Russian Massacre
5 hours ago
Less Prone commented on Doc Vega's blog post “Night of Horror” Finland WWII 1939 and a Russian Massacre
"Quite an uplifting story of the winter war. Finland was overpowered by ten to one and could still…"
5 hours ago
Doc Vega posted a blog post

Elon Weighs in on Charlie Kirk's Assassination and How it is an Instrument of Social Control

For a very long time now there has been in place mass population behavioral control operations that…See More
yesterday
Doc Vega commented on Doc Vega's blog post The Forest Devil
"Less Prone Thanks Buddy I worked on it for 3 days! "
Friday
Less Prone favorited Doc Vega's blog post The Forest Devil
Friday
Less Prone commented on Doc Vega's blog post The Forest Devil
"You have spun a great story, congratulations!"
Friday
cheeki kea commented on Bob of the Family Renner's photo
Friday
Doc Vega posted a blog post
Thursday
tjdavis posted blog posts
Thursday
Doc Vega posted photos
Wednesday
tjdavis posted a blog post
Wednesday
Doc Vega commented on Doc Vega's blog post Is this proof that the story about Charlie Kirk's assassination is false?
"Les prone, Thanks Buddy! "
Tuesday
Doc Vega posted a blog post
Tuesday
tjdavis posted a photo
Tuesday
Doc Vega commented on Doc Vega's blog post Is this proof that the story about Charlie Kirk's assassination is false?
"Less Prone as usual the official version of the truth does not match the evidence and is labeled…"
Oct 4

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted