Wednesday, June 01, 2011

That horrible $14 trillion national debt!

Well, not in comparison to the real national debt, which, according to Dr. Prof. Walter Williams, is currently $107 trillion larger.  How so?  These are the unfunded liabilities of Social(ist) (in)Security and Medi(s)care.  So the real national debt, according to the actuaries estimating things with trends, is $121 trillion, give or take ten trillion dollars or so.

The choice we have is not whether we will change entitlement programs, but when, and what degree of pain will be incurred.  Don't forget to write your legislators, and don't forget to invest in precious metals like gold, silver, brass, copper clad lead, and ordinance steel.

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