""Rich Dad, Poor Dad" author and financial guru Robert Kiyosaki made headlines once again with his latest tweets on the importance of buying Bitcoin, as he called the United States "bankrupt" with a $250 trillion debt. He also called the ongoing issue of raising the U.S. debt ceiling a "bad comedy.""
https://www.ibtimes.com/robert-kiyosaki-says-us-bankrupt-250-trillion-debt-asks-people-invest-btc-3695844
"Through the first six months of fiscal 2021, the US government ran a record $1.7 trillion budget deficit. And there is no end in sight to the borrowing and spending. Just last month, the national debt eclipsed $28 trillion for the first time. But it’s even worse than that.
A lot worse.
When you include unfunded liabilities such as Social Security and Medicare, that actual US debt stands at $123.11 trillion, according to the Financial State of the Union 2021 published by Truth in Accounting.
In order to pay off all of Uncle Sam’s liabilities, every taxpayer in the US would have to write a check for $796,000.
I don’t know about you, but I don’t have it.
The federal government has $5.95 trillion in assets and $129.06 trillion in liabilities. If it were a private company, the US government would be bankrupt."
https://www.algora.com/Algora_blog/2021/04/20/the-us-govt-has-6-trillion-in-assets-and-130-trillion-in-unfunded-liabilities
"Since taxpayers will ultimately be responsible for both the $29 trillion federal debt and $163 trillion Social Security and Medicare unfunded liabilities, the present value of those two combined is about $572,000 for every man, woman and child in America — all 330 million of them."
https://thehill.com/opinion/finance/585679-you-owe-more-than-500000-and-counting/
"While Uncle Sam has $5.9 trillion in assets, the $129 trillion owed in bills — including military and civilian retirement benefits — means the U.S. is in the hole for $123 trillion. Just the unfunded liabilities in Medicare and Social Security add up to $96 trillion.
It is a stunning amount coming due over the next 75 years."
https://www.realclearpolicy.com/articles/2021/05/05/96_trillion_in_unfunded_us_medicare_and_social_security_benefits_775259.html#!