PeakOil is You
Incredible statistic
Re: Incredible statistic
by rogerhb » Fri 28 Oct 2005, 16:58:25
$this->bbcode_second_pass_quote('Heineken', '(')Reminds me of the recurrent line in "1984": "If there is any hope, it lies with the proles.")
With apoligies to George:
"If there is any hope, it lies."
"Complex problems have simple, easy to understand, wrong answers." - Henry Louis Mencken
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rogerhb - Light Sweet Crude
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Re: Incredible statistic
by MrBill » Mon 31 Oct 2005, 08:12:35
$this->bbcode_second_pass_quote('Seadragon', '')$this->bbcode_second_pass_quote('duke3522', '
')And this doesn't included the off the book debts. Such as the money owed to the SS trust fund, the under funded federal pension liabilities, and the fact that the feds will soon be on the hook for a whole bunch of broken pension plans.
US Fed debt is a minimum of $15 trillion and rising.
')And this doesn't included the off the book debts. Such as the money owed to the SS trust fund, the under funded federal pension liabilities, and the fact that the feds will soon be on the hook for a whole bunch of broken pension plans.
US Fed debt is a minimum of $15 trillion and rising.
Actually, you're understating the unfunded liabilities that have been promised to the American people...Medicare and Social Security alone will amount to roughly $74 trillion, so the current deficit spending is just a drop in the bucket. No one really wants to talk about it, because the numbers are so huge and of course older people vote more than any other group, so good luck imposing cuts on these programs.
Unfunded promises are just that, promises based on the ability to pay. You can either default on the promises or devalue the promises by printing money. Either way, working and retired Americans will be poorer in real-terms.
The organized state is a wonderful invention whereby everyone can live at someone else's expense.
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MrBill - Expert
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