Op-ed by Cliff Maloney, includes “… In micro terms, the government keeps charging purchases to its 'credit card' and raising the 'credit limit' (aka the debt limit). Slowly, our debt has become an overwhelming $20 trillion burden, and that doesn't include unfunded liabilities. Truth In Accounting estimates the federal government owes roughly $31.4 trillion in unfunded Social Security promises and $44.7 trillion in unfunded Medicare promises, as well as $7.2 trillion in promised pension and other retiree benefits.”
Read the full article on: The Washington Examiner