- Jul 6, 2013
- Reaction score
- Political Leaning
The United States has accumulated over $70 trillion in unreported debt, an amount nearly six times the declared figure, according to a new study by University of California-San Diego economics Professor James Hamilton.........US debt six times greater than declared - study ? RT USA
The real shocker in the report, however, came with the cost of Medicare and Social Security, which ran at $27.6 trillion and $26.5 trillion respectively. Hamilton could not conceal his surprise at the findings. “These numbers are so huge it is hard even to discuss them in a coherent way,” he said before providing a caveat on the US demographic situation. “The US population is aging, and an aging population means fewer people paying in and more people expecting benefits.....