Want to create an interactive transcript for this episode?
Podcast: The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism
Episode: IT'S NOT TAXPAYER MONEY IT'S BORROWED MONEY PARTWO
Description: PART TWO The promises made for future pensions amount to $21trillion, a figure that looms large over the federal budget. Moreover, the accrued compounded interest on US treasuries has reached a daunting $20 trillion. In addition to these liabilities, there are 13 unfunded entitlementstotaling $50 trillion, placing an enormous burden on the economy. The future costs of Medicare and Medicaid alone are projected at $1.6 trillion per year, while Social Security's future costs are estimated at $1.5 trillion annually. The source www.usdebtclock.orgof these daunting financial realities demonstrate our Great American Enterprise is insolvent, staggering towards bankruptcy. Will this b...