The inconvenient fiscal truth

Taken together, the unfunded national commitments, including the national debt, future obligations on entitlement programs, and other commitments such as pensions, that fiscal exposures are $50.5 trillion or $170,000 for every man, woman, and child. The United States fiscal inconvenient truth should feel especially weighty for those in Generation X, Generation Y, and the generations to follow because according to the GAO, the total fiscal burden over the next 75 years represents $400,000 for every full-time worker in the United States and $440,000 per household.

“If we [the United States] were a company, we would be out of business.” (The Huffington Post)

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