$80 Trillion In Unfunded Liabilities The True Noose Around Our Necks

Discussion in 'Politics' started by Wehrwolfen, Dec 2, 2012.

  1. Wehrwolfen
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    Wehrwolfen Senior Member

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    Economic collapse does not only effect the United States alone but also the world economy as a whole

    $80 Trillion In Unfunded Liabilities The True Noose Around Our Necks​




    By: Robert Rohlfing
    December 1, 2012

    We hear all about the $16 Trillion dollars in debt that our country is in, but the much larger problem and the one that our politicians and citizens do not want to talk about honestly is the $80 Trillion Dollars in Unfunded Liabilities at the federal level.

    We all know about how the states and local governments are being swamped by these obligations, but we cannot even have an honest discussion about the true nature of the long term problems that we face because for one reason or another it always turns into a Left - vs -Right you-are-wrong-and-stupid argument. We have those in congress such as Dick Durbin and Chuck Schumer who will not even let this be discussed in all the negotiations that we currently hear about going on with the debt crisis that this government created. It is easy to understand that they do not want to do so as it exposes the blatant mistakes that those in government have made over the years and this includes those from both sides. They are well aware of the true nature of the fact that if we do not address this head on and across the board that we are only just kicking the can down the road further. Eventually that can comes to rest and what you get is an economic collapse.

    The hard thing to understand is that the economic collapse does not only effect the United States alone but also the world economy as a whole. There are different ways that people think that we can start climbing out of this from raising taxes to creating the mechanisms for inflation to increase. All of these things sadly are going to occur regardless under the current path that we seem to be going down. We hear so much about raising the taxes on the upper percent, but what so many fail to understand is that we are obligated to around $7 Trillion dollars a year on average just to cover our obligations from pensions to Medicare and Social Security and that is just going up as the baby boomer generation hits full stride in retiring. Raising taxes is not the only way to get out of this problem long term, we have to reduce our obligation to these liabilities and reduce the coverage over all in the end. It will not happen today because no one in politics has the guts to do so because they are all too worried about getting reelected, but at some point economics catches up to politics and we are on the verge of crossing the Rubicon now and in the near future.

    On raising taxes we have all heard that even if you increased the rates on the top 2% you will only be able to fund the running of our federal government for an estimated 19 days, so let’s be honest about this and understand that everyone really need so called skin in the game and that includes those in the middle and lower income levels. That is truly the political football right now that no one honestly wants to take on. Either way it is coming that taxes in one form or another are going to increase on theses income levels as well, so, people, it is time to stop playing the class warfare game, all that does is further divide people. The government could raise taxes 100% on those making $66,000 and up and still not cover the unfunded obligations, that is something that we have to understand!

    The petty games that we have allowed the politicians and pundits from both side have used to divide us has only allowed for the fact that we cannot have honest and constructive discussions about these very real and looming problems that are facing us. We have allowed them to pit us against one another so that we attack personal character over differences in political and financial leanings, but has it allowed one bit of honest debate or has it only allowed for us to become more spiteful? I think it really is the later as I visit the political forums or talk to folks in the public. You can go back in history and see that this has been used in the past, but will we ever learn from those mistakes or will we only allow for it to control us in the end?

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    $80 Trillion In Unfunded Liabilities The True Noose Around Our Necks
     
  2. ABikerSailor
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    ABikerSailor Platinum Member

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    Canadian Free Press is your source? Really? Even though in the style of writing it has shown to have a definite conservative slant?
     
  3. Lakhota
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    Lakhota Diamond Member

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    Canada Free Press? Holy shit...
     
  4. rdean
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    rdean rddean

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  5. OKTexas
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    OKTexas New Life Member of the NRA 12/15 Supporting Member

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    Acutally if you just do a quick search, 80 trillion is on the low end, some estimates go as high as 238 trillion. From what I've read it's more than likely around 140 trillion. But what's tens of trillions here or there, there's no way to pay for it.
     
  6. Charles_Main
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    Charles_Main AR15 Owner

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    It's actually probably more like 90 Trillion in state unfunded liabilities alone. And all DC does is encourage states and Cities even to continue to live beyond their means with Bail outs, and unfunded Mandates.

    I really don't think we can fix this.
     
  7. Charles_Main
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    Charles_Main AR15 Owner

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    Is that all you really have, the source is to conservative? The 80 Trillion figure is a very low estimate.
     
  8. ABikerSailor
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    ABikerSailor Platinum Member

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    Actually, I was wondering why Canada (remember...........the website is called the Canadian Free Press) was such a good source for what is going on in this country?

    Remember.......................they have a different government, a different lifestyle (and therefore a different view) than most Americans.
     
  9. LoneLaugher
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    LoneLaugher Diamond Member

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    If one of you nutters can explain why SS and Medicare are considered unfunded liabilities looking 75 years into the future.......and our defense spending is not, I will entertain further discussion on this matter.
     
  10. USNavyVet
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    USNavyVet VIP Member

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    If it has to be explained to you then why would anyone care for your inut on the discussion?
     

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