Reply To: What exactly is an unfunded liability?

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October 10, 2012 at 11:27 am #17218
rt
Member

Wow that’s really spooky! 2 final questions:
1. What are the IOUs in the Social Security Trust Funds? Government bonds?
2. The U.S. Government would have to invest $222 trillions to pay for future obligations. Are these the obligations to all Americans alive that are already retired or will retire? Or is this the amount that the government would have to pay for retirees in the next 30, 40 or 50 years? I do not exactly understand what obligations are meant here. I hope you understand my question.