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The US government has a $20.4 trillion retirement problem

My dear U.S. citizens, 

Due to unforeseen circumstances, you will not be receiving any pension payments for quite some time.  To put it bluntly, we have no money.  We spent it all on forcing democracy down the throat of Iraq, Libya, and Syria along with all the military bases around the world.  We made some poor business decisions, our tax base and production is gone as well.  Most of that belongs to China and Mexico.  But don’t worry.  We can always print our way to prosperity.

-Uncle Sam

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“The US government has nowhere near enough money to pay retirees.According to credit rating agency Moody’s state, local, and federal governments are about $7 trillion short in funding upcoming pension payments.”

“The unfunded liabilities of the various federal employee pensions systems, covering civilian and military employee benefits, amount to about $3.5 trillion, or 20% of US GDP,”

The US government has a $20.4 trillion retirement problem

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