“US Debt Is 3 Times More Than You Think” Former Chief US Accountant Warns, Americans “Have Lost Touch With Reality”
by Tyler Durden
ZeroHedge.com
11/08/2015
In a shocking admission for most of mainstream America, the former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion, thanks to unfunded liabilities which simply cannot be ignored. As The Hill reports, unless economic growth accelerates, he warns, “you’re not going to be able to provide the kind of social safety net that we need in this country,“ adding unequivocially that Americans have “lost touch with reality” when it comes to spending.
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