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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 
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 .
But the head of the Dallas Federal Reserve bank says :
[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:
 Washington’s Blog : http://www.washingtonsblog.com/2009/05/dallas-federal-reserve-unfunded-pension.html
 $65 trillion dollars: http://georgewashington2.blogspot.com/2009/02/federal-government-is-bankrupt-if.html
 says: http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5379285/China-warns-Federal-Reserve-over-printing-money.html
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