"Unfunded Obligations" Closing In On GWP - Gross World Product!
The National Debt is extra. So is Personal Debt. So is Business Debt.
TOTAL DEBT & UNFUNDED OBLIGATIONS.
$7.7 Trillion Total Money Supply (Debt - all borrowed money)
$57.0 Trillion Total Combined Debt (National, Business and Personal)
$65.5 Trillion Unfunded Obligation (Soc. Sec., Medicare, Medicaid, etc.)
$3.27 Trillion Stimulus
$2.0 Trillion The Federal Reserve Will Not Disclose
$147.345 Trillion TOTAL (updated 3/4/09)
GWP (gross world product): $70.65 trillion (2008 est.)
That means that everything the US owes, is more than twice what the Entire World can produce in a year.
Do you still think that a debt based money system is without consequences?