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December 2, 2009
$56.4 trillion
Topics: Political News and commentaries$56.4 trillion. That's the total value of the federal government's "unfunded liabilities" as they stood at the end of fiscal 2008. These liabilities include the publicly held portion of the national debt plus the amount the government must pay to cover all the entitlement benefits it has promised to living Americans through Social Security, Medicare and other welfare-state programs minus the tax revenue the government can expect to collect to pay for these entitlements under existing tax law.
Little wonder than that Terry Jeffrey says we need only look at the numbers: Barack Obama will bankrupt America.
And now, to make it worse, Obama is asking us to commit HarryCare!
Posted by Richard at December 2, 2009 6:51 AM
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