Stanley Druckenmiller, who is considered one of the most brilliant market analysts in history, notes, "there's just one little problem" with the politicians' math on the debt. "Everyone's running around saying the debt is $17 trillion." In fact, if government were run like a business, its balance sheets would actually have to list unfunded liabilities like Social Security and Medicare. When those liabilities are added, our "future liabilities are $205 trillion, not 17." If you thought $17 trillion is bad, the actual liabilities are about 12 times the size of the U.S. economy.
H/T: Patriot Post