$222 Trillion Unfunded Liabilities
here is Prof. Lawrence Kotlikoff of Boston University. His most
recent report says that total unfunded liabilities went from $211
trillion a year ago to $222 trillion this year.
source of future red ink will be Medicare. In second place is Social
How can the
government pay off these obligations? It can't. The possibility
does not exist. The government needs a spare $222 trillion to invest
in private companies. This investment must make a return of at least
5% to provide the money needed to pay meet the government's obligations.
There is no $222 trillion available, and no capital markets large
enough to absorb $222 trillion.
the U.S. government will default.