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So a reporter at the WaPo claims the future unfunded liabilities is closer to $30 Trillion, because he is only adding SS + Medicare unfunded liabilities.
However, he fails to make a rebuttal to the over 1,000 economists and 15 Nobel Laureates that are flat out saying that he is wrong. He even fails to address the fact that he is blatantly ignoring other federal unfunded liabilities.
We should be subtracting accumulating unfunded liabilities from GDP.
More like subtracting them from National Assets as an accounting exercise.
Yours would more apply to personal, business or a state's predicament.
But not nationally, as nationally we are monetarily sovereign.
Nationally we can fund any future liability. And by the act of that funding, produce more GDP.
On personal or business level we cannot typically do that as most of us have relatively fixed future money potential. Few win lotteries or develop blockbuster drugs.
Bail out the banks and financials. Lower interest rates. Hoped to increase lending by banks.
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