(Billions)
$6,600 2011 increase in unfunded liabilities for 2011 per JustObserving
+$1,363 2011 deficit per CBO
= $7,963 total deficit, funded & unfunded
÷ $14,958.6 GDP 2011
= 53.23%
As far as the deficit. I guess if we’re forced to use GAAP we’d come up with something like:
$118,900,000,000,000 unfunded liabilities through 2011
+$6,925,000,000,000 2012 additional unfunded liabilities
=$125,825,000,000,000 total unfunded liabilities, May 2012
+ $15,734,000,000,000 debt per Debt Clock (U.S. Treasury)
= $141,558,696,000,000 total liabilities, official + unfunded
÷ 113,616,255 number of U.S. [...]
