The fiscal gap is the difference between the unrecorded liabilities, America is responsible for the expected assets the government plans to have available when these liabilities come due. These are liabilities that are not currently included on the financial statements of the government. And when you take into consideration liabilities, such as Social Security, Medicare and the national debt, the fiscal gap is almost incomprehensible...
The fiscal gap is the difference between the unrecorded liabilities, America is responsible for the expected assets the government plans to have available when these liabilities come due. These are liabilities that are not currently included on the financial statements of the government. And when you take into consideration liabilities, such as Social Security, Medicare and the national debt, the fiscal gap is almost incomprehensible...
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