Wednesday, December 2, 2009

You Owe $435,000

All in all, the big dirt nap doesn't seem so bad. You suckers who voted for socialism/communism got more than you bargained for: a debt you'll never see end. Remember what Lou Holtz, Hall of Fame football coach said, "If you think you see the light at the end of the tunnel it might just be an oncoming train".
From Townhall.com

"When President Barack Obama entered office in January, the greatest problem America faced was neither the war in Afghanistan nor the recession. It was the imminent crisis of the welfare state.
Not only has Obama failed to deal with this crisis, he is pursuing policies that will bankrupt America.
In March, the Peter G. Peterson Foundation, led by former U.S. Comptroller General David Walker, calculated 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.

The sum of these unfunded liabilities, the foundation discovered, stood at $56.4 trillion. That equals $435,000 for every full-time worker in the United States."

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