sunset from behind the wire

sunset from behind the wire

Wednesday, May 9, 2012

Debt and Liability (Obama Style)

Consider the empty campaign promises of the Obama Campaign as they move "forward" to another four years. Obama reminds me of a sideshow barker - who directs your attention away from the principal issue so as to sell you a bill of goods.
The National Debt represents borrowing and the numbers move up so fast because of interest that it's difficult to write the number down because by the time you have, it's higher. It's almost $16 trillion: $15,705,865,000,000.00
The Total US debt which would include unfunded liabilities is much higher at $57,451,700,000,000.00. This means that we have promised to pay this amount to people in the future and it would include Medicare and Social Security. Unfunded liabilities are debts for which we have not set aside funds or assets and have left it to future generations to worry about. 
Thus, keeping Social Security solvent is impossible with the current method of operation. There is no mention by the current administration, who wish to extend their regime for another four years of an Obama plan to reconstruct Social Security. There is no mention that the Social Security liability is currently $15,658,907,239,000.00.



5 comments:

  1. Ick. I hate our national debt. Our forefathers must be spinning in their graves.

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  2. Barack Hussein Obama’s PATHETIC ENDORSEMENTS Wow. how UN-Impressive.
    Al Franken
    Chuck Schumer
    Barbara Boxer
    Maxine Waters
    Jesse Jackson
    Jesse Jackson, Jr.
    Al Sharpton
    Nancy Pelosi
    Harry Reid
    Rahm Emanuel
    Former Mayor of NY David Dinkins
    Sean Penn
    Morgan Freeman
    Danny DeVito
    Whoopi Goldberg
    Ludacris
    Samuel L. Jackson
    Spike Lee
    Louis Farrakhan
    Star Jones
    Bill Maher
    Oprah Winfrey, remember it was Oprah who gave us this moron.
    With a list like this, how can he go wrong.

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  3. What's the problem? We'll just borrow it from the Greeks.

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  4. Darth Bacon - Louis Farrakhan likes Obama and that's enough reason for me to vote for him.

    Odie - I'd say we'd take the Greek Women, but that would include Ms. Huffington - so no.

    Opus - You wouldn't want to exhume the bodies or they'd spin all over the place.

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  5. Forward to WHAT??? Nothing I want, that's for sure!

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