We're Screwed

According to that radical right-wing think tank, the U.S. Government Accounting Office, in its just-released Financial Report of the United States Government, the Federal US Government currently has $45.8 Trillion in unfunded liabilities which it is obliged to pay when they come due, mostly in the next 20-30 years. This is in addition to the current deficit, which as of the moment is only at a mere $11.4 Trillion (look at Page xiii, at the "Nation by the Numbers" table). And that assumes our deficit doesn't grow under Obamacare, which no one really believes will happen.

Guess who is going to have to pay for this?

Government spending has not only indentured our children, but their children as well.

Hat Tip: Veronique de Rugy @ NRO - The Corner.