RE: Gold price30 Dec 2025 20:02
The net present value of unfunded entitlement promises in the USA exceeds $78,000,000,000,000.
According to the Fiscal Year 2024 Financial Report of the United States Government (published in early 2025), the net present value (NPV) of unfunded social insurance obligations over a 75-year projection period is approximately $78.3 trillion.
1This figure represents the "Social Insurance Net Expenditures"—essentially the gap between the present value of future benefits promised to citizens and the present value of the tax revenue (payroll taxes and premiums) dedicated to paying for them.
2Breakdown of Unfunded ObligationsThe total unfunded liability is primarily split between Social Security and Medicare.
3 Note that these figures use the Statement of Social Insurance (SOSI) methodology, which is an actuarial projection rather than a standard budget accounting.
ComponentUnfunded Liability (NPV) Primary Funding Source
Social Security (OASDI)........................................................................$25.4 Trillion
Medicare (Part A).....................................................................................$5.0 Trillion
Medicare (Parts B & D).............................................................................$47.8 Trillion
Other Social Insurance ............................................................................$0.1 Trillion
Total Unfunded Amount .........................................................................$78.3 Trillion
The U.S. Treasury notes that while the current debt-to-GDP ratio is around 98%, if these entitlement promises are kept without reform, the ratio is projected to reach 535% by 2099.
Required Adjustments: To close this gap today, the government would need to permanently increase taxes or decrease spending by roughly 4.3% of GDP every year
While student debt is a massive number ($1.6T), only about one-third of it is currently projected to be a "loss" or unfunded burden for the taxpayer; the other two-thirds are still expected to be paid back with interest.
Cost of US Military operations in the last 10 years ....$7.7 T To understand the "cost of the military," it's helpful to see what the Pentagon actually buys with that money:
Personnel (~25%): Salaries, healthcare, and housing for 1.3 million active-duty members.
Operations & Maintenance (~40%): Training, fuel, and keeping ships and planes running (this is the largest slice).
Procurement (~20%): Buying new hardware (F-35s, Virginia-class submarines, etc.).
R&D (~15%): Researching future tech like hypersonics and AI.
Key Trend: In 2024, for the first time in history, the interest the U.S. pays on its national debt ($881 billion) nearly equaled the entire domestic military budget
As of late 2025, the "cost" of U.S. DEBT has reached a historic milestone. For the first time, annual interest payments on the national debt have hit the $1 trillion mark.
This expense has grown so rapidly that
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