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:








CNH America LLC

Apply

Systems Analyst - Warehouse

Category:

Information Technology

Region:

WI - Milwaukee


Con-way Freight

Apply

Truck Driver

Category:

Supply Chain/Logistics

Region:

CO - Colorado Springs/Pueblo


Newmark Grubb Knight Frank

Apply

Senior Project Manager

Category:

Project/Program Management

Region:

NY - New York City


General Dynamics Information Technology

Apply

Sr Engineer, Systems

Category:

Information Technology

Region:

AZ - Tucson