The United States is rapidly deteriorating and our debt is astronomical.

6a00d8341c858253ef00e54f45d4188834-640wiWe have unfunded liabilities in Social Security, Medicare and Medicaid. Now Medicaid is going to blow out of proportion because it is the basis to pay for the new federal healthcare program. Also the Federal Government does not count as debt what is owed by FHA, Fannie Mae and Freddie Mac.

The Federal Government copes by printing money, but how long it is going to be able to do so?

On top, we have the States and their unfunded liabilities, with the difference that the States cannot print money, but they can only borrow, reduce benefits or tax more.

The situation is spiraling out of control

and soon we may have to contend with massive inflation, which will make things cost more and more with no end to it.

See what Professor Laurence Kotlikoff, world renowned economist and expert in Social Security thinks about this…

Here is the link…

 

 

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