Category Archives: Debt

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

The congressional report on “The Financial Crisis” and what happened

The Financial Crisis Inquiry Report. Final Report of the national Commission on the Causes of the Financial and Economic Crisis in the United States 2011. Phil Angelides Chairman, Brooksley Born Commissioner, Senator Bob Graham Commissioner, etc. This is the best … Continue reading

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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

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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

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