U.S. funding for future promises lags by trillions

U.S. funding for future promises lags by trillions - USATODAY.com
"The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security.
That brings to a record $61.6 trillion the total of financial promises not paid for.

This gap between spending commitments and revenue last year equals more than one-third of the nation's gross domestic product.

The $61.6 trillion in unfunded obligations amounts to $534,000 per household.
That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt."