Unfunded Liabilities - The Nightmare of Americas Debt Part 1

This is part 1 of 2 videos. Shedding some light on America's bleak future.
http://www.usdebtclock.org

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Nonprofits & Activism

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• Social
• Security
• Medicare
• Medicaid
• Main
• Stream
• Media
• MSM
• Americas
• Debt
• Pensions
• Bailouts
• Bill
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[larnem]

Main Street media is part of the problem. They don't ask the tough questions any more. It is a big coverup. Just wait till we are all on the bread lines and we hear how much money Goldman Sachs made off of the downfall of the USA.

[buyred]

I agree 100%.

[Chriskubick]

@buyred Well said. Hey, where's a good website that shows the liability numbers?? The debtclock website shows current debt but I don't see future liability. Best Regards. RP 2012

[buyred]

@Chriskubick Go to the bottom of the website. It is under unfunded liabilities.

[Pogsel]

Something big is looming on the horizon. The press is of the same faith, same mind set of the progressives. Government is their god and the nobility of man their hope. The unrenewed heart of man is struggling for the mastery.

[Hendo1974]

5 stars, keep them coming, I heard of $100 Trillion in total! Impossible to pay!

[Chriskubick]

@buyred Got it. Thanks!

[michiganmoon]

I completely agree that the debt is out of control and we need to revamp programs like social security. However, when we throw around terms like unfunded promises it skews the numbers. Because, it counts my social security retirement as unfunded, but I won't retire for decades - I am in my young 30's. So much of this money isn't due for decades and the gov. will continue to collect social security taxes for the rest of my working life on that.

[kahunabear]

@sdfkjllshadflhadfshl you got that right.

[sdfkjllshadflhadfshl]

@kahunabear I disagree.... No one will get anything  lol thats the problem.

[sdfkjllshadflhadfshl]

@kahunabear I disagree.... No one will get anything lol thats the problem.

[sdfkjllshadflhadfshl]

Unfunded liabilities should simply be called 'Unbroken Promises', I think that describes Medicare and SS much better.

[kahunabear]

You get it, not many do. I guess everyone will eventually.

[Yakko77]

Medicare only ended up costing roughly x10 more than it was projected to cost. I wonder what Obamacare's actual costs will be. The Admin. kept throwing the number $1 trillion around over 10 years. Pft. We'll be lucky if it costs $1 trillion each year when private business can't afford healthcare and throw everyone on Obamacare. I'm hopeful the Tea Party movement in this country can restore some sanity to Congress in the upcoming elections but we'll have to wait and see.