Which is worse? 14T Debt or 162T Unfunded Liabilities

Discussion in 'Politics' started by ScreamingEagle, Apr 19, 2011.

  1. ScreamingEagle

    ScreamingEagle Gold Member

    Jul 5, 2004
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    Our Debt is certainly bad but the 162 Trillion unfunded liabilities will absolutely decimate our country.....unfunded liabilities are political promises to pay for social security, medicare, medicaid all of which are going bankrupt....we just do not have the money to pay for these unfunded and bloated programs in the future...we would put our children and grandchildren into financial slavery to the government.....America will cease to exist as we know it...

    Obama's solution: tax those rich suckers and let it ride baby.... right into bankruptcy......(because taxing the rich will never be enough to pay for these unfunded liabilities ...and because he wants to destroy America as we know it)

    Paul Ryan's solution: revamp the programs for those who are 55yo and under....in other words people are going to have to start saving for their old age themselves and not rely so much on the government anymore.

    Getting rid of the old failed socialist ways we handled social security/medicare/medicaid is a dramatic change in how we will view government....government will shrink....of course this why Obama is fighting so hard against such a solution........it places responsibility (and choices) into the hands of individuals instead of big daddy government...

    [ame=http://www.youtube.com/watch?v=Ln559gjNpW4]YouTube - Deficits, Debts and Unfunded Liabilities: The Consequences of Excessive Government Spending[/ame]
    Last edited: Apr 19, 2011

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