The interest we're paying on our debt...
Is going to increase, and most folks say it's going to increase a good bit. I think that is what worries most money folks. When we hear about debt, all we hear is the 18-19 trillion, but no one ever says much about the unfunded debt. It's gotta be over 100 trillion. What is unfunded debt? Pensions, Medicare, Medicaid, Social Security...
And yes, I know Social Security belongs to us, and is not a benefit. But, tell that to Congress. They've borrowed over 2.6 trillion, and haven't paid a dime of it back. But the unfunded debt is money promised, and not in the till.
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In response to this post by BugBoy)
Posted: 05/16/2016 at 08:37AM