Friday, February 12, 2016

Debt Perspective

There used to be a graying tower alone on the sea
You became the light on the dark side of me

Nice perspective on the size of US debt.

$19 trillion in federal debt + $70 trillion in unfunded liabilities = $90 trillion. GDP of the world currently ~ $18 trillion.

If the analysis was expanded to include all world debt and unfunded obligations, then Lady Liberty and those NYC skyscrapers would look awfully small.

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