America Owes $107,000,000,000,000.00

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Apparently, the estimates for the unfunded liability of Social Security and Medicare were grossly underestimated. We are $107,000,000,000,000.00, or roughly $360,000 per person in the US, or $1,430,000 per family of four to keep these institutions alive. (link)

If congress were to wake up tomorrow, and declare, “From here on out, we collect nothing on Social Security and Medicare, and we pay nothing out, and all funds left will be applied to the federal budget”, we would all be $360,000 richer.

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