Bill’s Commentary:
“THIS is the problem with ALL Ponzi schemes!”
The $175.3 Trillion Doomsday Clock Is Ticking – That Is The Estimated Unfunded Social Security And Medicare Liability
$175,300,000,000,000 is the most important financial number in the world.
The new Financial Report of the United States Government (February 2024) estimates that the financial position of Social Security and Medicare are under funded by that much. Treasury Secretary Janet Yellin signed the report.
The amount is unfathomable. Here are two examples for context:
- The gross domestic product of every country on planet earth was only $104.5 trillion last year.
- $175.3 trillion is nearly as much as our federal government has spent on everything since the Constitution was written in 1787, even adjusted for inflation.
BillHolter.com 
Thank you pamelamoves@gmail.com
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