How Deep Is Our Debt Hole?
Please read and click on all elements of this multimedia post by Donald Sensing, which begins with the vid above.
Note that even these numbers cited in the Sensing post are conservative, given that Dallas Fed President Richard Fisher estimated aggregate unfunded FedGov liabilities in May, 2008 (i.e., pre-TARP, pre-Stimulus I and II, and pre-Obamacare) at $99.2 trillion:
...No combination of tax hikes and spending cuts, though, will change the total burden borne by current and future generations. For the existing unfunded liabilities to be covered in the end, someone must pay $99.2 trillion more or receive $99.2 trillion less than they have been currently promised. This is a cold, hard fact. The decision we must make is whether to shoulder a substantial portion of that burden today or compel future generations to bear its full weight...
For those of you who have not abandoned the effort to educate those who should be your allies, Sensing's post (and Fisher's speech) are excellent resources.
If you can get them to watch, absorb, and comprehend both the reality and the horrific, inevitable consequences.
We're falling with style, indeed.
Keep your feet, ankles, and knees together, with your eyes on the horizon, then commence your PLF upon impact.
There will be no do-overs.