Wednesday, November 30, 2011

US Debt and Obligations

Gloom and Doom. Sad reality of the numbers.

US debt and obligations are staggering. Prepare for the next decade with these statistics in mind:

US Government Debt: $14 trillion + Freddie & Fannie Mac: $5 trillion.
In addition are mandatory payments for unfunded obligations:
Medicare $23 trillion
Medicaid $ 35 trillion
Social Security $ 8 trillion

click to read Minyanville Part I

click to read Minyanville Part II

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