Washington, DC…The Newspaper USA has calculated that the US Goverment now owes $61.6 trillion in unfunded obligations!  “This amounts to $534,000 per household. That’s more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.”

“The (federal) debt only tells us what the government owes to the public. It doesn’t take into account what’s owed to seniors, veterans and retired employees,” says accountant Sheila Weinberg,”  <a href=”http://www.usatoday.com/news/washington/2011-06-06-us-owes-62-trillion-in-debt_n.htm?loc=interstitialskip”>The Full Article is Here!</a>

Traditional measurements actually are accounting for about 1/3 of what is actually owed…