To say that our government owes more than it could ever pay is an understatement to say the least. The acknowledged national debt now stands at over 19.2 trillion dollars. This comes to almost $60,000 for every man, woman and child in the United States.

That figure is very alarming. Most people could never pay that amount in ten years of saving. In addition it has been growing around a trillion dollars a year for the last eight years. That makes it even harder to try to get it paid.

However, the listed national debt doesn’t tell the whole story. There is such a thing as unfunded liabilities. This is all of the payments and retirement benefits promised that haven’t been paid yet and there is no money set aside for.

Many retirement accounts have large lump sums set aside to pay people a regular payment as they retire. The Federal government has promised retirement benefits, but they have no money set aside for these promises.

In fact, Social Security funds have been borrowed out, so it is full of IOU’s. There is no money there for all of the people who are depending on it. The total of all of these unfunded liabilities has been quoted as being just over 100 trillion dollars to over 200 trillion dollars.

Even if we take the lowest number suggested, with the national debt added on, we come to a total of $120 trillion dollars. This is a lot when you consider that the entire wealth of the US (Every citizen in the US) is only around 85 trillion!

So they could confiscate everything in the United States and still not have enough to fulfill all of the promises they made! The total wealth of the whole world is only about 250 trillion.

Do you really think all of these obligations will ever get paid?!