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To: GST who wrote (25873)9/8/2011 6:18:56 PM
From: TheSlowLane1 Recommendation  Respond to of 29622
 
Yes...and that is a low estimate...

"If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That's the fiscal gap," he says. "That's our true indebtedness."


http://www.npr.org/2011/08/06/139027615/a-national-debt-of-14-trillion-try-211-trillion