The US balance sheet is hiding massive unfunded liabilities in Social Security and Medicare (approximately $200 trillion) which are not carried as official debt but should be recognized, making the actual fiscal position much worse than $36 trillion headline debt.

factualpending

Speaker

Unidentified Speaker — MacroVoices #467 Jim Bianco: The Mar-a-Lago Accord [NyJxSBLoxOI]

Evidence Quote

the government's balance sheet also does not uh realistically account for the entitlement obligations of about $200 trillion... that would take your $36 trillion national debt to about 236 trillion

Source

MacroVoices #467 Jim Bianco: The Mar-a-Lago AccordBianco Research
Created: 8/11/2026, 6:33:42 AM

My Notes

Loading notes...