A resurfaced statement from Alan Greenspan’s 2005 testimony to Congress is drawing attention to long-term U.S. entitlement obligations. The post claims Greenspan said more than $100 trillion in off-balance-sheet entitlement liabilities were owed in a hard currency the U.S. cannot print.
The same post says those liabilities are now moving onto the balance sheet at a pace of $3 trillion per year and are growing at roughly twice the level of U.S. receipts. No additional data or official sourcing was provided in the text beyond the quoted claim and referenced link.
Greenspan 2005 Warning on Entitlement Liabilities Resurfaces as Annual Costs Hit $3 Trillion
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