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(2) unfunded liabilities for Medicare, Medicaid, Social Security and veterans is an additional $108 trillion, an amount so huge, it will be reneged on and not paid, cleverly over time;
(3) "state, county and local governments are nearly $3 trillion in debt; many can't pay," and will either get federal help, make huge (unacceptable budget cuts) or default;
(4) "total federal, state and local government indebtedness now stands at a mind-blowing $123.6 trillion;"
(5) in FY 2009, the national debt increased by $1.4 trillion, another $1.6 trillion coming in FY 2010, and trillions more ahead;
(6) besides funding the annual deficit, increased Treasury borrowings are needed to replace maturing short and longer term debt;
(7) record amounts of issued debt obligations will negatively affect bond prices, causing higher interest rates;
(8) "in a desperate attempt to keep (rates) low, (the Fed) created $1.25 trillion out of thin air to buy mortgage-backed securities....another $300 billion (for) US Treasuries....and yet another $170.6 billion (for) other government bonds," nearly $1.7 trillion in total;
(9) from September 2008 - March 2010, the Fed increased the "monetary base from $850 billion to $2.1 trillion - a 250% increase in 18 months;"
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