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Study: U.S. Debt Obligations $70 Trillion

Study: U.S. Debt Obligations $70 TRILLION

by Wynton Hall 5 Aug 2013

A new study by University of California-San Diego economics professor James Hamilton finds that the United States has over $70 trillion in off-balance sheet liabilities--an amount nearly six times the on-balance-sheet debt figure.

The Treasury debt outstanding is $16.74 trillion. Of that, $4.84 trillion is money the U.S. owes itself. For that reason, explains Matt Phillips of Quartz, “many analysts tend to focus on the $11.91 trillion in debt that is publicly available to be traded.”

Read more: http://www.breitbart.com/Big-Government/2013/08/04/Study-U-S...



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The Fed: Loaning you blind, since 1913.

The Fed: Loaning you blind, since 1913.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

tbh...

I think it's pretty funny too.

Everyone needs to be invested in precious metals

for protection from the Federal Governments spending. Silver right now is at an all time low and will be a safe haven Washington's idiocy.

Surviving the killing fields of Minnesota

Todays brainwashing: GMO's are safe

Beeman, That Is The Wisest Statement Made Today

BOOM!