Biderman Blasts "Either Obama Is Ignorant, Or He Is Hiding The Truth"

According to the official government data, the United States asserts its future obligations, as of Q2 2014, are $16.5 trillion. However, TrimTabs founder Charles Biderman says that is wrong, the actual figure of the country’s future obligations, which is $98 trillion. "This does not bode well for future generations," Biderman warns, adding "either Obama is ignorant of future US government obligations or he is hiding the truth."

Charles Biderman, founder of TrimTabs Investment Management Float Shrink (TTFS) says the U.S. gives its future obligations, as of Q2 2014, as $16.5 trillion. But, in fact, Biderman says, the actual number is $98 trillion.

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