Forbes: Don't Get Caught Holding Dollars When The U.S. Default Arrives [View All]

[OmahaBlueDog]

Greece’s debt-to-GDP ratio is 143%. America’s is officially 97%. But the $14.3 trillion national debt, stacked up against a $14.7 trillion economy, doesn’t tell the whole story. Look at these numbers:

• $14.3 trillion: “official” national debt

• $5 trillion: Amount Uncle Sam is on the hook for Fannie Mae and Freddie Mac

• $62 trillion: Total liabilities and unfunded obligations for Social Security and Medicare

That doesn’t count the black box of bailouts.

Read more at: http://news.yahoo.com/dont-caught-holding-dollars-u-default-arrives-191153227.html