Category Archives: Debt

no way we can go on like now with 56 trillion dollars of overall debt

Trillion of dollars of debt and unfunded liabilities

Unfunded liabilities Boston University economist Laurence Kotlikoff has calculated that the U.S. government is facing unfunded liabilities of 222 trillion dollars in the years ahead. To name just a few: Medicare and Medicaid, social security, service treasury bonds, food stamps, … Continue reading

Posted in Debt | Comments Off on Trillion of dollars of debt and unfunded liabilities

Cities will go bankrupt

As the cost of energy keeps rising, and more and more “money” goes to obtaining energy, which leaves less for everything else.  And since capitalism depends on growth, but we’re on the cusp of shrinking back to the stone age, … Continue reading

Posted in Debt | Comments Off on Cities will go bankrupt