and qualifies for medicare benefits. the iceberg under the surface the liabilities in the form of promises that we have made to people particularly younger people today, that we will be able to pay them their social security, their pensions and their health care, for the rest of their lives, strongly subsidized by government. when we haven t the slightest ability to sustain and underwrite that funding without massive boar reing. borrowing far beyond massive borrowing, far beyond what we can afford. it means we would need to have somewhere in a bank 100 trillion dollars right this minute earning interest. the problem with that is, the total nation at wealth of the united states the money that every single american has saved, add it up the value of every corporation the value of every security, every stock, every bond. if you add all of that
and qualifies for medicare benefits. the iceberg under the surface the liabilities in the form of promises that we have made to people particularly younger people today, that we will be able to pay them their social security, their pensions and their health care, for the rest of their lives, strongly subsidized by government. when we haven t the slightest ability to sustain and underwrite that funding without massive boar reing. borrowing far beyond massive borrowing, far beyond what we can afford. it means we would need to have somewhere in a bank 100 trillion dollars right this minute earning interest. the problem with that is, the total nation at wealth of the united states the money that every single american has saved, add it up the value of every corporation the value of every security, every stock, every bond.
benefits. the iceberg under the surface the liabilities in the form of promises that we have made to people particularly younger people today, that we will be able to pay them their social security, their pensions and their health care, for the rest of their lives, strongly subsidized by government. when we haven t the slightest ability to sustain and underwrite that funding without massive boar reing. borrowing far beyond massive borrowing, far beyond what we can afford. it means we would need to have somewhere in a bank 100 trillion dollars right this minute earning interest. the problem with that is, the total nation at wealth of the united states the money that every single american has saved, add it up the value of every corporation the value of every security, every stock, every bond. if you add all of that together it only comes to just
and qualifies for medicare benefits. the iceberg under the surface the liabilities in the form of promises that we have made to people particularly younger people today, that we will be able to pay them their social security, their pensions and their health care, for the rest of their lives, strongly subsidized by government. when we haven t the slightest ability to sustain and underwrite that funding without massive boar reing. borrowing far beyond massive borrowing, far beyond what we can afford. it means we would need to have somewhere in a bank 100 trillion dollars right this minute earning interest. the problem with that is, the total nation at wealth of the united states the money that every single american has saved, add it up the value of every corporation the value of every security, every stock, every bond. if you add all of that
over 50 trillion dollars. so we have problems, twice the wealth of the entire united states to the elderly, that will have to be paid one way or another. sean: we continue with dave bossie and steve bannon. nothing gets me angrier than robbing the piggy banks of our children and grandchildren. how long can we sustain 1.56 trillion of debt a year? we remember in the 80s, we used to say the debt we are creating is gonna be foisted on our grandchildren and our great grand children. the debt today is now on us. it is not going away it s getting bigger. 100 billion dollars a month unsustainable. if you look at this massive liability with social security, medicaid and medicare, 100 trillion dollars that s not