Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99

[Ben]

http://www.washingtonsblog.com/2009/05/dallas-federal-reserve-unfunded-pension.html

You've heard some big numbers thrown around.

For example, total U.S. government liabilities are at least $65 trillion dollars.

But the head of the Dallas Federal Reserve bank says:

    [There is a] "very big hole" in unfunded pension and health-care liabilities built up by a careless political class over the years.

    "We at the Dallas Fed believe the total is over $99 trillion," he said in February.

Over $99 trillion? That's a serious shortfall.