In response to:

How Much Do We Owe?

OBagger Wrote: Sep 29, 2012 4:12 PM
Bottom line is we owe 10 trillion to fed. unions trolls....They are the ones that bankruped the Country Give them SSI and shove them out the door.
Have you ever wondered how much we as taxpayers actually owe because of commitments politicians have made on our behalf? Turns out, the answer is not as simple as you might think.

The place to start is with a report put out annually by the U.S. Treasury. There I learned that the federal government officially recognizes an outstanding debt of $17.5 trillion. This amount consists of $10.2 trillion in government debt held by the public, plus pension and retirement benefits owed to federal employees.

On the one hand, that amount exceeds our country’s entire gross domestic...