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Your $2 Million Tax Obligation

Written by Gary North on January 2, 2012

Each year, David Collum produces a review. It covers a lot. Let me begin with the overall assessment.

We have a massive global debt problem that will take years to unwind. Some think it is a zero-sum game, but I disagree. The World is blanketed with people fully aware of what has been promised to them but oblivious to their share of the tab. The average tax payer in the US, for example, is unaware that they owe $30,000 simply to pay off the state pension liabilities to some average tax payers. Larry Kotlikoff, the undisputed World’s expert on unfunded liabilities, estimates there are $211 trillion. This is approximately $2 million per taxpayer. Do you think taxpayers have budgeted for that one?

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4 thoughts on “Your $2 Million Tax Obligation

  1. Rex L Fey says:

    Stupid tax payers have no idea how deep a hole we are in !!!! The MSM is wall to wall this "Experts" saying everything is OK. Backing up Obama's lies, or his Muslim non recognition of debt.

  2. Mayflower Decendant says:

    There's not enough money in the world to pay this country's debt! We're doomed!

  3. LarryFrom10EC says:

    And when the whole house of cards collapses, George Bush will be blamed.

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