© 2013 Rick Adamson
By Rick Adamson 12.24.13
See this new exhibit showing the federal debt. Link
here Note specifically the unfunded
liabilities. This represents the dollar
amount of promises made to people for payments to be made it the future. As a
result of accounting gimmicks, unfunded liabilities are not included in the
first number ‘United States National Debt” (which has increased by $4.939 trillion
since Obama took office) but it is real and someone is going to have to pay for
it-your children or grand children or theirs-otherwise the County will go bankrupt.
Well, the fact is, under normal accounting procedures (those used by companies
in the private sector) the Country is insolvent (bankrupt).
Source: http://www.commonsenceconservative.net
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