More fuzzy math from FinTwit doomers. Let's add some sanity
A) Debt held by the public is already an input in unfunded liabilities so he's double counting $24tn
B) Even with his own definition and calculation, the $211tn figure is way off
Full breakdown of the #'s below
1/
Good morning.
The US ended the week with $33.7 trillion of federal debt and $211.2 trillion of unfunded liabilities, bringing the total amount owed to ~$245 trillion.
That’s approximately 55X tax revenues, or the equivalent of someone with a $100K salary and $5.5 million of debt.
Have a great weekend.