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U.S. has $61.6 Trillion in Unfunded Obligations; $534,000 per Household

The federal government’s financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows.
The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.

What Budget?

I apologize for posting the article below in this way, but as yet the website doesn’t quite have it’s act together, yet has good writings.? There are flaws in it’s linking which make it quite impossible to get a link directly to any certain article.? But this brings to us a very important point which […]

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