The Real Nightmare In U.S. Debt May Be Hidden In Entitlements

As if yesterday’s doom and gloom from Fed Chairman Ben Bernanke wasn’t enough to get you down, a pair of charts from JPMorgan may put you in a permanent state of pessimism.

From Michael Cembalest of JPMorgan, via Paul Kedrosky:

US undfunded entitlements

The unfunded entitlements on the U.S. are simply staggering, over $60 trillion according to Cembalest’s report. It makes Europe look positively austere (though the size of their economies are smaller, they still appear to be in better shape).

For more, head over to Paul Kedrosky’s Infectious Greed >

Don’t miss: Here are the dark charts that have the Fed worried >

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