Time to connect to database: 0.000006 Seconds
US Is in Even Worse Shape Financially Than Greece: Gross
Freedom's Phoenix "Uncovering the Secrets and Exposing the Lies"
 

Gold: $1294.60  Change: $0.40
Silver: $20.34  Change: $0.00
  H2OPEsystem - Water - Purification - Energy  
Current Bitcoin
Price:
$595.66

Provided by
BitPay.com
 
Contribute Bitcoin to
Freedom's Phoenix



Scan the QR Code above, or
double-click on the text in the
box, copy it, and paste it into your
Bitcoin payment application.
Contribute Funding by
PayPal or Credit Card

 
Sign-up for FREE
Daily Newsletter
Log-In

See Complete Menu

Special Editions
Translate Page
RSS Feeds
 


Declare Your
Independence

with Ernest Hancock

 
Log-In
Front Page
Page Two
 
 

Freedom's Phoenix
Online Magazine

 
Freedom Forum
Letters to the Editor
Report The News
 

Anarchives:

 

 

Search by Keyword

    Contents by Subject
    Radio/TV Shows
    Feature Articles
    Opinion Columns
    News Stories
    Newsletters List
    Reference Links
 
 

Buy this Book or Read More Information
 
Quantum Vibe
 
Don\\\'t Tread On Meme
 

NEWS LINKS

Sign up to receive the Freedom's Phoenix Headlines by Email.

HELP FUND FREEDOM'S PHOENIX!
Make a one-time or periodic contribution.
Use your credit card or PayPal account.

Join us on our
Social Networks

Share this page with your friends
on your favorite social network:

     

US Is in Even Worse Shape Financially Than Greece: Gross

News Link    Government Debt & Financing

US Is in Even Worse Shape Financially Than Greece: Gross


06-13-2011    www.cnbc.com 
When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco's Bill Gross told CNBC Monday.

Much of the public focus is on the nation's public debt, which is $14.3 trillion. But that doesn't include money guaranteed for Medicare, Medicaid and Social Security, which comes to close to $50 trillion, according to government figures.

The government also is on the hook for other debts such as the programs related to the bailout of the financial system following the crisis of 2008 and 2009, government figures show.

Taken together, Gross puts the total at "nearly $100 trillion," that while perhaps a bit on the high side, places the country in a highly unenviable fiscal position that he said won't find a solution overnight.

"To think that we can reduce that within the space of a year or two is not a realistic assumption," Gross said in a live interview. "That's much more than Greece, that's much more than almost any other developed country. We've got a problem and we have to get after it quickly."

 
 
Read Full Story
Reported by Sierra Hancock
Additional related items you might find interesting:
News Link    Government Debt & Financing
The Mises View: "Government Debt Addiction"
07-26-2014    https://www.youtube.com, Judge Andrew P. Napolita 
News Link    Government Debt & Financing
IRA confiscation: it's happening
07-26-2014    http://www.sovereignman.com, Simon Black 
News Link    Government Debt & Financing
More Fuel Efficient Cars Causing Highway Trust Fund to Go Broke
07-07-2014    weeklystandard.com 
Tags: adding, future, liabilities, entitlement, programs, actually, financial, greece, european, countries, pimcos
      Attorney For Freedom  
 
  Magazine / Newspaper
   Magazine Subscription Info
   Online Magazine List
   Newspaper Subscription Info
   Newspaper Issue List
 
RSS Feeds
   Articles RSS Feed
   Opinions RSS Feed
   Media RSS Feed
   Newsletter RSS Feed
   Smartphone Feed
   Podcast Feed
Radio / TV
   Decleare Your Independence
      with Ernest Hancock
   Radio / TV Program List

 
Anarchives
   Search by Keyword
   Contents Listed by Subject
   Radio / TV Show Archives
   Newsletter Archives
   News Links
   Feature Articles
   Opinion Columns
   Reference Links

 
Letters to the Editor
   List of Letters
   Write a Letter

 
Join Us
   Subscribe to Magazine
   Membership Sign-Up
   Be a Writer
   Be a Reporter
   Link to Us

 
Marketplace
   Buy Stuff Sell Stuff

   Store on CafePress.com
More News
   Page Two
   Current News
 
Discussions
   Freedom Forum
 
Advertise
   Intro to Advertising with Us
   Magazine Advertising Rates
   Radio Advertising Rates
   Website Advertising Rates
 
Funding Center
   Support or Promote a Project
About Freedom's Phoenix
   About Us
   Contact Us
   Terms of Use
   Privacy Policy
   Writers List

 
Tutorials Using This Site
   List of Tutorials
 
Media Resources
   News References
   Blog References
   Government References
 
  FreedomsPhoenix.com
The domain and name of this website are servicemarks of Ernest Hancock.
Website is Copyright 2014 by Ernest Hancock.  All rights reserved worldwide.
Feature articles, columns, illustrations, and photographs are copyrighted and may not be
reproduced without the expressed permission of the credited writer, artist, or photographer.
No portion of this website, text, images, or source code may be framed on another website,
copied, reproduced, or distributed, by any means, without the written permission of
Ernest Hancock, 4886 W Port Au Prince Ln, Glendale, AZ 85306 USA.
Website Designed by
USA Web
Advertising

Phoenix, Arizona
 
Time to display page: 1.629 Seconds -- Dynamic Page
Time to write PageViews: 0.0029 Seconds

Page Views:

free web stats

Stats by StatCounter