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Post by kramer on Feb 4, 2010 9:59:07 GMT -6
On page 137 of the "Fiscal Year 2008 Financial Report of the United States Government", it says (if I'm reading it correctly) we were $101 trillion dollars in debt in 2008. www.gao.gov/financial/fy2008/08frusg.pdfI really hope I'm reading this information incorrectly. But I don't think I am. Kramer
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Post by unlawflcombatnt on Feb 4, 2010 10:20:36 GMT -6
I think it means $101 trillion is the projected amount of money the programs will cost in the future. But I'm not completely sure.
The term "present value of future costs" is confusing.
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Post by kramer on Feb 4, 2010 10:43:51 GMT -6
I think it means $101 trillion is the projected amount of money the programs will cost in the future. But I'm not completely sure. Well, I think you're right, this report includes the unfunded liabilities which includes the future social program costs. This is totally unacceptable. Kramer
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