trillion in the hole. according to his calculations, it s more like 70 trillion. that s a lot. jonathan hone ig is a portfolio manager for the capitalist pig hedge fund. is that the highest it s ever been, jonathan? indeed. and i think that under states it. these government numbers have been doubted for years on everything from inflation to unemployment and most certainly the debt which of course the government has an interest in minimizing so it can continue to spend more and more. people might be surprised to learn that the u.s. treasury s balance sheet doesn t include the hundreds of billions of dollars in loan arrangements, in deposit insurance, in retirement expenses for federal employees, and of course social security and medicare. i mean, medicare alone has an unfronted liability of about $43 trillion. put it all together, and some estimates have it as high as $100 trillion in unfunded liabilities. that shows up nowhere on the treasury s balance sheet. you re making a lot of
i think you should negotiate. and, a credit card is a convenience many of us have gotten used to not paying a thing for and it might be changing in the next couple of days, it will be incumbent on consumers not just to read the fine print. and know they are being charged a surcharge, but talk with retailers and credit cards and demand low or no fees when you make the calls. arthel: when you do that they always push back and i think, stop using the card and go to another card, possibly that s a good start. arthel: i have to go. washington is not doing it. americans have to do it for themselves. arthel: they told me, i have to go. nice to talk to you. thank you, jonathan hone ig. rick: a city in tennessee, is bringing residents top-notch internet access and trying to lower the top talent in the industry, elizabeth prann has details.