Eliminate Bernie Madoff Style Accounting and the Real US Debt is $61 Trillion

Robert Wenzel, Economic Policy Journal

6/7/2011

When the U.S. government reports its debt, it does not include payment that it is required to make to   seniors, veterans and retired employee. If those were included, as they should be, the US debt would be an far greater number than the already outrageous number the government does publish.

Accountant Sheila Weinberg, founder of the Institute for Truth in Accounting, has done the accounting correctly and has come up with these numbers: Total US debt $61 trillion, which comes out to $534,000 per household.

And now… the rest of the story. …..