Originally Posted by Webby

Jeez...

Page 4 of the Treasury's Balance Sheet for 2004 actually states the liabilities re "including Medicare and Social Security payments, pensions and benefits for Federal employees and veterans, and other financial responsibilities"
which, for some strange reason are not included in the balance sheet.

The total of the above social and pension commitments is $45,892 billion dollars - add that to the quoted balance sheet deficit of 7,710 billion and the real deficit (tho who knows if that's all there is?) is in excess of $52 trillion dollars.

I'm gonna have a drink and a think about the value of dollars