Sunday, September 19, 2010

U.S Debt Is Estimated At 200 Trillion

The CBO estimates the debt will be at $US16.5 trillion in two years, or 100.6 per cent of GDP.

But these numbers are incomplete.

They do not count off-budget obligations such as required spending for Social Security and Medicare, whose programs represent a balloon payment for the Government as more Americans retire and collect benefits.

In the case of Social Security, beginning in 2016, the US Government will be paying out more than it is collecting in taxes.

Without basic measures - such as payment cuts or higher payroll taxes - the system could be on the road to bankruptcy, according to officials.
"Without changes," wrote Social Security Commissioner Michael Astrue, "by 2037 the Social Security Trust Fund will be exhausted. There will be enough money only to pay about $US0.76 for each dollar of benefits."

Mr Kotlikoff and Mr Moylan agree US national debt is much more than the official $US13.4 trillion number, but they disagree over how to add up the exact number.
Mr Kotlikoff says the debt is actually $US200 trillion.
More Here..


  1. What a joke, no one knows what the exact amount of the debt is, $200 trillion? Ha Ha Ha...just a drop in the bucket, right?. But CNN is reporting the recovery is going well, and get out and spend some of that fake money.

    We are so screwed.....

  2. Get Boeing, GM, General Dynamics, Bechtel, Cheney's crowd and the Pentagon, etc. off the public dole and we might be able to reach an equilibrium. 70% of employment is small business. Anytime you hear, ANYTIME, that it's SS and Medicare creating our current mess, you're listening to someone who simply wants it ALL with nothing, NOTHING for anyone else.

  3. “More free money for banksters and long live the American taxpayer” says:
    The government is doing all it can to solve the dept problems of the finance sector.
    I agree with Charles Munger selfish Americans should stop whining , just because American government socialized losses of big business speculators with handouts to finance sector in the Bush /Obama bi-partisan patriotic bailout .
    Thank god Obama is still doing ‘gods work”
    After all only 43 million happily receive food stamp handouts too.
    This is an unfotunate American right.
    But this is also capitalist civilization at its finest!
    “Suck it up and cope” Debt Peons !
    The billionaires are doing fine , casino capitalism, Munger, Buffet and therefore American “civilization” as we know it was saved.

    Read the good news and views of Elite War-Munger in full in here:

    “You should thank God” for bank bailouts, Munger said… you shouldn’t be bitching about a little bailout. You should have been thinking it should have been bigger.”
    Charles Munger, the billionaire vice chairman of Berkshire Hathaway Inc., defended the U.S. financial-company rescues of 2008 and told students that people in economic distress should “suck it in and cope.”

    After all America was pre crisis already a failed insolvant economic system.
    Investments in its shares have made no gains for a decade for the mug marks .
    As you can see at
    On the day President Bush was sworn into office, January 20, 2001, the Dow Jones Stock Index was at 10,587.60, which was nearly 1,200 points lower from its January 14, 2000 peak of 11,723.00. By September 10, 2001, the day before the 9/11 attacks, the Dow Jones was in freefall having lost nearly 10% of its value and closing at 9,605.50. Even worse was the NASDAQ stock market which closed on September 10, 2001 at 1,695.38, which was nearly 40% below its March 10, 2000 peak of 5,048.62.

    The 9/11 attacks, as far as major US and Western bankers were concerned, couldn’t have happened at a more opportune time as it allowed the closing of all American financial markets thus allowing the US Federal Reserve to ‘pump’ into them billions of newly printed dollars which stopped the freefall. Those measures, however, were short lived and led to the 2002 collapse of those same markets in what is known today as the ‘bursting of the Internet Bubble’ which by October 9, 2002 saw the Dow Jones down nearly 28% and the NASDAQ down nearly 43% from their 2000 peak highs.
    Today, almost a full decade after 9/11, the Dow Jones stands nearly exactly where it was on September 10, 2001 at 10,598.73, or in more shocking terms, the Trillions of Dollars invested into nearly every Americans savings, collage and retirement account haven’t made one single penny for them in 9 years and because of inflation they have actually lost Trillions, and which the Wall Street Journal called in an article today “A Lost Decade for Family Income”. @

    Munger .. used the example of post-World War I Germany to explain how the bailouts under Presidents George W. Bush and Barack Obama were “absolutely required to save your civilization.”

    It seems Munger was refering to the Weimar bailout inflation printing press that later led to Hitlern "saving civilization" ?

  4. "Emerald City"
    I've finally found it
    I'm feeling my way all around it
    I'm gonna surround it

    Soon everything's going to be fine
    Hey hey
    I can do what I say

    I'm lost in a sweet dream
    I'm living on chocolate ice cream
    I'm letting off my steam

    Now everything's going to be fine
    High high
    I think I'll learn how to Fly

    I went for the rental
    Those costumes were so continental
    How coincidental

    They said everything would be Fine
    Ho ho
    I think I'm Ready To Go, go, go...

    Think I will turn on the TV which will tell me that everything is gonna be ok...
    Veg out to a show that tells me everything is growing (the 10 million jobs never existed) and there is no downfall for the Great American Dream... they say its ok as long as its just a dream, because it will be Illegals that will take your job one way or another, You dream was for sale, Super Cheap! Fireside Sale for any dreams you might have had, first bidder up? Chineses...

  5. Debt at 200 trillion? I guess we need to pass the hat, a really big hat.

  6. This blog will helps you in analyzing the financial world in accordance with the debt. In US, the debt is estimated at 200 trillion.


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