HorizonForumsone horizon
Log inSign up

[ms] · Est. May 2002

Music madethis place,we just kept itgoing...

One durable person. One social graph. Many communities—and every way people speak, share, listen, write, gather and remember.

Forums / Politics

US debt

2 durable postsStarted 2011-05-13Latest 2011-06-03
#99606Post 1 of 2

Just found this blog. I haven't had time to read it in full as I am at work...but skimming it looks pretty good. The comments also seem to be posted by people who at least look like they know what their on about...some of you might be interested.

[url]http://viableopposition.blogspot.com/2011/04/hidden-american-100-trillion-debt.html[/url]

[QUOTE]If we take the best-case scenario and add the $14.3 trillion debt to the unfunded $16.1 trillion Social Security and $28.7 trillion unfunded Medicare obligations, the total debt reaches $59.1 trillion or 412 percent of GDP. In the worst-case scenario where Medicare savings are not achieved, the debt comes in at a staggering $119.5 trillion or 900 percent of GDP[/QUOTE]

#1509667Post 2 of 2

Re: US debt

[url]http://www.usdebtclock.org/[/url]

[QUOTE]Ratings agency Moody's warned on Thursday it would consider cutting the United States' coveted top-notch credit rating if the White House and Congress do not make progress by mid-July in talks to raise the debt limit.[/QUOTE]

[url]http://uk.reuters.com/article/2011/06/03/us-usa-debt-idUKTRE74E1HD20110603[/url]

Log in to reply