The most important website in America is:
http://www.usdebtclock.org/
Now, don't be overwhelmed by the dizzying speed of growth in our debt! You'll get used to it.
However, it is easy to miss the amount of "unfunded liabilities" on the bottom. This is the most important item on the most important website in America. It shows the future costs of entitlements, like Social Security and Medicare. (Yes, those are trillions of dollars.) This is the amount of money that still must be taken from taxpayer pockets.
This is NOT to say Social Security or Medicare should be abandoned. The key word is "unfunded." These amounts are after deductions for the paltry existing "trust funds." We DO need to stop fooling ourselves that there is no liability for our grandchildren to pay. If we are going to have such entitlements, we need to get serious about funding them.
No, I don't know of any similar website for Greece . . . but would it have made any difference?
Will America's most important website make any difference in America?
