Rules 'hiding' trillions in debt

verfasst von Sorrento, 04.07.2007, 09:49

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<small>The federal government recorded a $1.3 trillion loss last year — far more than the official $248 billion deficit — when corporate-style accounting standards are used...equal to $11,434 per household — is more than Americans paid in income taxes in 2006....

Taxpayers are now on the hook for a record $59.1 trillion in liabilities, a 2.3% increase from 2006. That amount is equal to $516,348 for every U.S. household. By comparison, U.S. households owe an average of $112,043 for mortgages, car loans, credit cards and all other debt combined.

Unfunded promises made for Medicare, Social Security and federal retirement programs account for 85% of taxpayer liabilities. State and local government retirement plans account for much of the rest.
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http://www.usatoday.com/printedition/news/20070529/1a_lede29.art.htm

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• Rules 'hiding' trillions in debt - Sorrento, 04.07.2007, 09:49