"Based on the CBO’s data, I calculate a fiscal gap of $202 trillion, which is more than 15 times the official debt. This gargantuan discrepancy between our 'official' debt and our actual net indebtedness isn’t surprising. It reflects what economists call the labeling problem. Congress has been very careful over the years to label most of its liabilities 'unofficial' to keep them off the books and far in the future."
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$60 trillion is child's play to what the debt REALLY amounts to.
https://www.bloomberg.com/news/articles/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff
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