Sunday, August 28, 2011

Unfunded Obligations Amount to $534K per Household

Did you catch the front page headline in USA Today on June 7?

US owes $62 trillion

http://www.usatoday.com/news/washington/2011-06-06-us-owes-62-trillion-i...

I can't get to the actual paper without a subscription. But if you can get to the paper - and can read the last paragraph...

The government has promised pension and health benefits worth more than $700,000 per retired civil servant. The pension fund's key asset: federal IOU's

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