Jorge Serrão: Notícia crime de Bolsonaro mostrou coragem e vontade de desafiar os togados do STF

The unfunded liabilities have been a source of confusion, fear, and pain for Americans. Many are not sure what they are. Many are frightened by what they could mean. Many are pained by how they shame our nation. Let’s make this understandable.

As we know, the Unfunded Liabilities Monster is composed of three main components. Social Security. Medicare and Medicaid. There are various calculations of the size of each component, with the total size of the Monster ranging from $22t to $118t (when including Medicaid). What we are now going to do is present the various calculations.

Since it was created in 1935, the Social Security program has only grown – in terms of the quantity of money it is promising and the quantity of people it is promising this money to. Finally, we know that the Social Security program is funded through tax revenues. The question is, what happens when there are no funds to fund Social Security?

The ruling class, as the most powerful and flush with resources, becomes the source of power and resources for the working class. The ruling class assumes the role of the state in a socialist system and the working class relying on this state-financial elite hybrid to provide for the collective. This is happening right now, is it not? Which side are you on?

The unfunded liabilities monster is the sum total of financial promises the United States government is promising to keep, although it has basically none of the money it is promising to pay. The unfunded liabilities are liabilities because they are promises to pay and unfunded because there are no funds to pay them.