News

Search News






The Community Buzz

What is this?

British Think Tank Predicts Financial Catastrophe for United States




U.S. government owes debtors, both private and public, foreign and domestic, more than $17 trillion, an amount about equal to the entire output of the American economy in one year. Put another way, it owes more than four times the total revenues taken in by that government in one year.But, according to Gokhale, this greatly underestimates the real unfunded liabilities of the government, by a factor of seven. Taking into account future promises, the government?s debt is closer to $120 trillion.

Read Full Story: http://www.thenewamerican.com/economy/commentary/i...

Shared by



Comments (0)

Add Comment
Comments Options
Sort comments by:








General Dynamics Information Technology

Apply

Sr Engineer, Systems

Category:

Information Technology

Region:

AZ - Tucson


Kforce Inc

Apply

Public Accounting Senior Staff Accountant

Category:

Accounting/Auditing

Region:

NY - Long Island


Carl Zeiss Vision Incâ¿¿

Apply

Sr Customer Quality Engineer

Category:

Quality Assurance/Safety

Region:

MN - Minneapolis


CSC

Apply

System Engineer Linux Windows IRS Largo MD MBI Treasury clearence required

Category:

Information Technology

Region:

MD - Prince George's County