[CottonBall]

The Trustees of Social Security estimate a current unfunded liability of $100 trillion in 2009. To handle the payments will require either a crushing tax increase or a crushing cutback in benefits.

If that doesn’t knock you over — even in the age of Obama, $100 trillion is still a lot of money — it gets worse. The unfunded liability of Medicare is six times larger in terms of unfunded obligations than that of Social Security. So if you’re keeping score, that’s already $700 trillion in unfunded liability. That’s more than 45 times the size of our entire economy.

I didn't realize SS and medicare were insolvent ALREADY! I thought this was decades away. This is insanity for the politicians - on both sides - to just ignore the looming elephant.

Thx for the great articles, Eagle.

[DelaWhere]

>>>I didn’t realize SS and medicare were insolvent ALREADY!<<<

Really, they aren’t - YET - but it is VERY close...

Unless you consider the quality of their investments...
Scary to think that they are 100% invested in the U.S. Gov’t.
and we see how frugal they are with our money...