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Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars

Posted By admin On May 26, 2009 @ 3:16 am In Money Watch | Comments Disabled

Washington’s Blog [1]
Tuesday, May 26, 2009

You’ve heard some big numbers thrown around.

For example, total U.S. government liabilities are at least $65 trillion dollars [2].

But the head of the Dallas Federal Reserve bank says [3]:

[There is a] “very big hole” in unfunded pension and health-care liabilities built up by a careless political class over the years.

“We at the Dallas Fed believe the total is over $99 trillion,” he said in February.

Over $99 trillion? That’s a serious shortfall.


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URLs in this post:

[1] Washington’s Blog : http://www.washingtonsblog.com/2009/05/dallas-federal-reserve-unfunded-pension.html

[2] $65 trillion dollars: http://georgewashington2.blogspot.com/2009/02/federal-government-is-bankrupt-if.html

[3] says: http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5379285/China-warns-Federal-Reserve-over-printing-money.html

[4] Image: http://www.efoodsdirect.com/products.html

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