Forget about patriotism. Listen to what Senator Judd Gregg said after Congress voted down the fiscal commission he and Sen. Kent Conrad proposed: America is going broke.
With $56.4 trillion in unfunded obligations in 2008 — including $36.3 trillion for Medicare, $6.6 trillion for Social Security and $13.5 trillion for the national debt, retirement benefits and other liabilities — the burden comes to $184,000 per person and $483,000 per household. And that $56.4 trillion figure is growing by $2 to $3 trillion a year. Do you have the money? I don’t. Read the full story



