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Posted by Edenite on 08:57:08 07/03/09
E:It's no wonder that the deadbeat debtor liberal socialist government accurately reflects the fiscal irresponsibility of its debt ridden citizens...
"While the president remains personally popular, polls show there is rising public concern over his handling of the economy and the government's mushrooming debt -- and what it might mean for future generations.
If things can't be turned around, including establishing a more efficient health care system, "We are on an utterly unsustainable fiscal course," said the White House budget director, Peter Orszag.
Some budget-restraint activists claim even the debt understates the nation's true liabilities.
The Peter G. Peterson Foundation, established by a former commerce secretary and investment banker, argues that the $11.4 trillion debt figures does not take into account roughly $45 trillion in unlisted liabilities and unfunded retirement and health care commitments.
That would put the nation's full obligations at $56 trillion, or roughly $184,000 per American, according to this calculation."
Peter G. Peterson Foundation independent assessment of the national debt: ht tp://www.pgpf.org/
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