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42 thoughts on “$11 Trillion Increase in Federal Debt in One Year

  1. […] as large as the entire stock of official debt in public hands.This has been accelerating for years.READ MORE August 10th, 2012 | Tags: Trillion, Fantasy world, federal debt, US Government | Category: […]

  2. […] Gary North writes, Understand, this is the present value of the gap. It’s not that, over the next 75 years, there will be $11 trillion more debt. It is that the present value of the entire gap is $11 trillion. We need $11 trillion today, invested in high-return capital in the private sector, to meet future obligations. […]

  3. […] Congressman Xavaier Becerra (D-CA) repeats the accounting deception. “Over 77 years and now through 13 recessions, Social Security has not added one penny to our deficit or our debt.” It has added trillion of dollars to our debt, but the debt is hidden off budget. It is part of the $222 trillion in unfunded liabilities reported by Prof. Lawrence Kotlikoff of Boston University. I have written about this here. […]

  4. […] liabilities reported by Prof. Lawrence Kotlikoff of Boston University. I have written about this here.Rep. Becerra’s deception was reinforced by Senator Bernie Sanders of Vermont. “I believe that […]

  5. […] Congressman Xavaier Becerra (D-CA) repeats the accounting deception. “Over 77 years and now through 13 recessions, Social Security has not added one penny to our deficit or our debt.” It has added trillion of dollars to our debt, but the debt is hidden off budget. It is part of the $222 trillion in unfunded liabilities reported by Prof. Lawrence Kotlikoff of Boston University. I have written about this here. […]

  6. […] The total obligation of the federal government to voters that is not funded at the present time is now $222 trillion. This does not mean that, over the entire life of the program, the government will be short $220 trillion. It means that the present value of the unfunded liability is $220 trillion. This means that the government would have to set aside $220 trillion immediately, invest this money in non-government projects that will pay a positive rate of return, and will therefore fund the amortization of this debt. I have written about the estimate here. […]

  7. […] I posted an article on my Tea Party Economist site on the increase in the real debt of the U.S. government over the last year. The increase was $11 trillion. Read it here. […]

  8. […] I posted an article on my Tea Party Economist site on the increase in the real debt of the U.S. government over the last year. The increase was $11 trillion. Read it here. […]

  9. […] I posted an essay on my Tea Party Economist site on a boost in a genuine debt of a U.S. supervision over a final year. The boost was $11 trillion. Read it here. […]

  10. […] The total obligation of the federal government to voters that is not funded at the present time is now $222 trillion. This does not mean that, over the entire life of the program, the government will be short $220 trillion. It means that the present value of the unfunded liability is $220 trillion. This means that the government would have to set aside $220 trillion immediately, invest this money in non-government projects that will pay a positive rate of return, and will therefore fund the amortization of this debt. I have written about the estimate here. […]

  11. […] that will pay a positive rate of return, and will therefore fund the amortization of this debt. I have written about the estimate here. This estimate is 14 times what government reports as debt ($16 Trillion). The number itself is […]

  12. […] The total obligation of the federal government to voters that is not funded at the present time is now $222 trillion. This does not mean that, over the entire life of the program, the government will be short $220 trillion. It means that the present value of the unfunded liability is $220 trillion. This means that the government would have to set aside $220 trillion immediately, invest this money in nongovernment projects that will pay a positive rate of return, and will therefore fund the amortization of this debt. I have written about the estimate here. […]

  13. […] The total obligation of the federal government to voters that is not funded at the present time is now $222 trillion. This does not mean that, over the entire life of the program, the government will be short $220 trillion. It means that the present value of the unfunded liability is $220 trillion. This means that the government would have to set aside $220 trillion immediately, invest this money in nongovernment projects that will pay a positive rate of return, and will therefore fund the amortization of this debt. I have written about the estimate here. […]

  14. […] L’obbligo totale, al momento non finanziato, del governo federale nei confronti degli elettori è ora di $222 biliardi. Questo non vuol dire che, per l’intera vita del programma, il governo sarà a corto di $220 biliardi ma che quello è il loro valore attualizzato. Ciò significa che il governo dovrebbe mettere da parte questi soldi subito, investire questi soldi in progetti non-governativi che pagheranno un tasso positivo di ritorno, e quindi finanziare l’ammortamento di questo debito. Ho riportato le stime qui. […]

  15. […] them 20 years in county government politics. The federal government will eventually go bankrupt. This is inevitable statistically. Political power will shift back to the counties: the core tax base. Then this video will come […]

  16. […] Congressman Xavaier Becerra (D-CA) repeats the accounting deception. “Over 77 years and now through 13 recessions, Social Security has not added one penny to our deficit or our debt.” It has added trillion of dollars to our debt, but the debt is hidden off budget. It is part of the $222 trillionin unfunded liabilities reported by Prof. Lawrence Kotlikoff of Boston University. I have written about this here. […]

  17. […] posted an article on my Tea Party Economist site on the increase in the real debt of the US government over the last […]

  18. […] = ""; google_ui_features = "rc:0"; mises.org / By Gary North / Monday, September 24, 2012I posted an article on my Tea Party Economist site on the increase in the real debt of the US government over the last […]

  19. […] posted an article on my Tea Party Economist site on the increase in the real debt of the US government over the last […]

  20. […] primarily in Social Security, Medicare, and Medicaid. This deficit dwarfs the on-budget deficit. It is rising at $11 trillion a year. This deficit has a present value of $222 trillion. This means that the federal government, today, […]

  21. […] But in the way that it will continue to mask the financial mess that the U.S. government is in — $11 trillion annual increases in the national debt, nearly 20% unemployment, and war after war — QE3 has done […]

  22. […] But in the way that it will continue to mask the financial mess that the U.S. government is in — $11 trillion annual increases in the national debt, nearly20% unemployment, and war after war — QE3 has done […]

  23. […] posted an article on my Tea Party Economist site on the increase in the real debt of the US government over the last year. The increase was $11 […]

  24. […] del debito reale del governo degli Stati Uniti nel corso dell’ultimo anno: $11 biliardi. Potete leggerlo qui. Impossibile? Per niente. L’aumento annuale – del deficit – sarà sempre più grande in […]

  25. […] The problem with this article is it is na‹ve. It is Pollyanna to the core. It begins with the on-budget deficit: a mere $1.2 trillion a year. The on-budget deficit is peripheral to the real federal deficit, which reflects the unfunded liabilities of the federal government, primarily in Social Security, Medicare, and Medicaid. This deficit dwarfs the on-budget deficit. It is rising at $11 trillion a year. (http://teapartyeconomist.com/?p=8108) […]

  26. […] The total obligation of the federal government to voters that is not funded at the present time is now $222 trillion. This does not mean that, over the entire life of the program, the government will be short $220 trillion. It means that the present value of the unfunded liability is $220 trillion. This means that the government would have to set aside $220 trillion immediately, invest this money in non-government projects that will pay a positive rate of return, and will therefore fund the amortization of this debt. I have written about the estimate here. […]

  27. […] http://teapartyeconomist.com/2012/08/10/11-trillion-increase-in-debt-in-one-year/Related posts:Reality Check: Is Al-Qaeda An Enemy Or Not?The Secret Team – L. Fletcher Prouty (1989)Reality Check: The U.S. Government Created Al Qaeda?Marc Faber on Bloomberg Radio August 13, 2012ACLU Seeks GPS Spying Documents From FBIA Pleasant Day in the Park in the Only 'Democracy' in the Middle EastShock Surveillance Video Shows LAPD Officers Body-Slamming ‘Defenseless Woman’ Into the Pavement Dur…FBI begins installation of $1 billion face recognition system across AmericaThe Machine: The Truth Behind Teachers UnionsWashington Selectively Rolling Back Dodd-FrankTennessee: Officer Testimony Beats Hard Evidence in Speeding CaseFlorida: Court Approves Detaining Motorists at Toll BoothPeter Schiff: The Real Fiscal Cliff – How to Spot the LedgeA Sign of the Apocalypse? The French and Italians Are More Fiscally Conservative than Americans!TSA hires a priest excluded from clergy for child molestation This entry was posted in Alternative News and tagged Bailout Fail, Economics, Statism by admin. Bookmark the permalink. […]

  28. […] Medicare and Social Security to remain solvent, the U.S. government would have to invest over $220 trillion right now, and get a roughly five percent rate of return. Medicare alone accounts for easily 80% of […]

  29. […] But in the way that it will continue to mask the financial mess that the U.S. government is in — $11 trillion annual increases in the national debt, nearly 20% unemployment, and war after war — QE3 has done […]

  30. […] No other government, ever, has even been able to dream of confiscating as much wealth as the US federal government does today. It is by far the most well-funded State in all of human history. Yet they're totally flat broke. Busted. Actually it's much worse than that — they're upside down teetering at the edge of default. […]

  31. […] My suggestion: start making major changes in your life’s plan. Make them in terms of reality: the unfunded present value of future federal liabilities: $222 trillion. […]

  32. […] degli impegni di spesa non coperti relativi a Previdenza Sociale, Medicare e Medicaid è pari a 222mila miliardi di dollari. In nessun modo un impegno simile potrà mai essere onorato. È matematicamente impossibile che lo […]

  33. […] $222 trillion in unfunded liabilities […]

  34. […] be a Great Default, as Gary North calls it.  There is no way the unfunded liabilities of $222 trillion for Social Security and Medicare can ever be paid.  There will be cuts – it’s just a […]

  35. 4thaugust1932 says:

    Put a cap on market capitalization of big listed companies. Millions of new jobs will be created. http://www.change.org/en-IN/petitions/obama-admin

  36. […] entitlement programs like Medicare, Medicaid, Social Security and ObamaCare are going to pay out. The numbers just don’t add up. We’re all adults here. On some level, I think we know that, […]

  37. […] of the second-largest turnip in America. (The largest fiscal turnip is the U.S. government, with unfunded liabilities well over $220 trillion, but it has the Federal Reserve System to bail it out for now.) Detroit has only the distant hope […]

  38. […] crony capitalism, and their associated anti-freedom agendas.   Even as it has accumulated an unpayable debt of $220 trillion, intervention within the state through political elections and public action has been and remains […]

  39. […] crony capitalism, and their associated anti-freedom agendas.   Even as it has accumulated an unpayable debt of $220 trillion, intervention within the state through political elections and public action has been and remains […]

  40. First off I want to say fantastic blog! I had a quick question in
    which I’d like to ask if you don’t mind. I was interested to find out how you center yourself and clear your head
    before writing. I’ve had difficulty clearing my mind in getting my thoughts out there.
    I truly do take pleasure in writing but it just seems like the first 10 to 15 minutes tend to be lost
    just trying to figure out how to begin. Any suggestions or tips?

    Cheers!

  41. […] This doesn’t count unfunded liabilities like Social Security, Medicare, and W’s brilliant prescription drug entitlement. The actual debt is much higher. […]

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