Does anyone estimate the unfunded liabilities from a proposal like the reconcilation health care bill or does the detail needed not exist at this point?

The point that the $76.4T is in present-velue dollars is well-noted. I specifically did not compare the total unfunded liabilities versus total GDP because it is misleading. However, not all comparisons against GDP are misleading – the yearly comparisons are still quite valid, and frankly, quite frightening.

In fact, in terms of GDP, the CBO stopped calculating the publicly-held debt versus GDP once they predict it hits 200% GDP. That is somewhere between 2032 and 2051. That actually supports your calculation that the unfunded liability, in terms of today’s dollars, is 30 times total federal revenues.

At the same time, not all of that has to be funded at once. The bad news is exactly $0.00 is going to fund that. The worse is the unfunded liability is growing at something north of 10% per year.

One point though about your post: Things are MUCH worse than your “$1 trillion deficit every year for the next 75 years” implies, because the GAO’s $76.4T is PRESENT VALUE. i.e. all 75 years of deficits DISCOUNTED to today equals the $76.4T.

Also, comparing our unfunded liabilities against GDP is extremely misleading, as no one can personalize their personal devastation. Try this instead:

$76.4T is conservatively 30 times the size of the federal revenues of $2.5T. Federal revenues are primarily funded by annual social security and income taxes. So then, how is every taxpayers portion of the unfunded liabilities not 30 times what they pay annually in social security and income taxes? Due TODAY! 30x!?!?

The majority of the unfunded liabilities are Medicare, and we’re supposed to be weak-kneed at the current healthcare proposal that doesn’t even spit at the problem.

Would someone help raise the bar?

Is the word verification ALWAYS wtf ?? Because that sure is appropriate, given the subject of Demonpass etc.

Yup, I’m pretty sure the same thing was said by the Captain of the Titanic as he ignorantly attempted to chastise the crew member who reported “Uh, sir, we have a leak”

Life goes on, the sun will rise in the east tommorrow morning and in the long run we’re all dead.

Believe it or not, we’ll all survive this rather small blip in American history and live to see another day.

Am adding you to my blogroll too.

Now get back out there and fight the good fight!

Second – EXCELLENT analogy!

Good luck to all on your brackets.

Now, can I afford some .50 BMG?

Here’s what remains to be said:

BUY MORE AMMO!!!

Are you threatening people? You suggest Sean be careful? Well, let’s see, I suggest you not worry so much about the endorsement. If it means nothing,then you and your boy Mielke have nothing to worry about. The only one who decides if Mielke will be on the ballot is Mielke. But you don’t care about that. Your whole schtick is to spread lies and false information. I have been to your facebook page. You claim to hold real American Ideals, but yet you are guilty of the same tactics the Obama Administration is guilty of. Its too ba, you seem like someone that the Republicans could use to get Obey defeated. Too bad you drank too much kool-aid.

If you want to respond, tell me how the endorsement infringes on anyone’s right to vote? If Mielke gets enough signatures, he will be on the ballot. So what is your beef? Oh yes, I keep forgetting the obviousness of your supporting Mielke and not being an objective voter.

Sending the excess to individuals for investment might have worked, but somehow I doubt that’s what Al Gore had in mind for the money.