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  #1  
Old 08-11-2008, 06:34 AM
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Default US is in a total debt of 100 Trillion Dollars! :D

Found this article on www.americanfreepress.net All credit to them.

About the 100 Trillion Dollar debt:

Who says so? The President of the Dallas Federal Reserve, Richard W. Fisher. In a May speech at the Commonwealth Club of California, he states that the US national debt is close to $100 trillion. You can read his whole speech at the Federal Reserve web site.

"Add together the unfunded liabilities from Medicare and Social Security, and it comes to $99.2 trillion over the infinite horizon. Traditional Medicare composes about 69 percent, the new drug benefit roughly 17 percent and Social Security the remaining 14 percent."

With a total population of 304 million, from infants to the elderly, the per-person payment to the federal treasury would come to $330,000. This comes to $1.3 million per family of four—over 25 times the average household’s income."

http://www.lewrockwell.com/walker/walker34.html

Link to Richard Fisher's full speech: http://www.dallasfed.org/news/speech...8/fs080528.cfm

Oh, and throw in a Congress Comittee declaring that US is headed towards bankruptcy.

http://www.cnsnews.com/public/conten...x?RsrcID=33574

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Last edited by Snow Fairy Sugar; 08-11-2008 at 06:47 AM.
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Old 08-11-2008, 06:01 PM
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Default Re: US is in a total debt of 100 Trillion Dollars! :D

My, isn't this fantastic!!
:-D
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