"The federal government keeps two sets of books…the set the government doesn't talk about reports a more ominous financial picture."
--Dennis Cauchon, USA TODAY
Politicians will tell you that the federal debt is around $11 trillion.
That sounds bad enough—but it gets even worse. Together with unfunded liabilities (all of the benefits that the government has promised to seniors, Baby Boomers, and other citizens) our nation is in the hole for nearly $62 trillion dollars.
That's more than $200,000 for every man, woman, and child in America, and it's growing every day.
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