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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.

Dallas Federal Reserve: Unfunded Pension and Health Care Liabilities Exceeds $99 Trillion Dollars 335x205 graph128c aj [4]

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URL to article: http://www.prisonplanet.com/dallas-federal-reserve-unfunded-pension-and-health-care-liabilities-exceeds-99-trillion-dollars.html

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

[5] The Federal Reserve Is Paying Banks NOT To Lend 1.8 Trillion Dollars To The American People: http://www.prisonplanet.com/the-federal-reserve-is-paying-banks-not-to-lend-1-8-trillion-dollars-to-the-american-people.html

[6] Unfunded Benefits Dig States’ $3 Trillion Hole: Orin S. Kramer: http://www.prisonplanet.com/unfunded-benefits-dig-states%e2%80%99-3-trillion-hole-orin-s-kramer.html

[7] Zero Hedge Claims that the Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of Derivatives in March Alone: http://www.prisonplanet.com/zero-hedge-claims-that-the-federal-reserve-itself-traded-over-a-trillion-dollars-worth-of-derivatives-in-march-alone.html

[8] Created Out Of Thin Air – That Is Where The Federal Reserve Got The 1.3 Trillion Dollars That It Bought All Of Those Mortgage Backed Securities With: http://www.prisonplanet.com/created-out-of-thin-air-%e2%80%93-that-is-where-the-federal-reserve-got-the-1-3-trillion-dollars-that-it-bought-all-of-those-mortgage-backed-securities-with.html

[9] U.S. Budget Gap Exceeds $1 Trillion for Fiscal Year: http://www.prisonplanet.com/u-s-budget-gap-exceeds-1-trillion-for-fiscal-year.html

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