Report: National Debt Actually $86 Trillion

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Excerpted from The College Fix

A UC San Diego professor has pegged the national debt at nearly $90 trillion dollars.

That’s a lot of zeros.

Economist James Hamilton, in a paper published this month for the National Bureau of Economic Research, says that when you combine the speculative “off-balance-sheet commitments” from Medicare, Social Security, student loan guarantees and other future federal government promises, which he estimates at about $70.1 trillion, with the official current debt of $16.7 trillion – the real national debt hovers at $86.8 trillion, or nearly $90 trillion.Hamilton wrote on his blog that: Keep reading

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