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

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.

[4]