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To: DuncanWaring
OK, how about if we say “The Social Security program has promised to pay $126 trillion more than it has forecast revenue”?

They usually go out 75 years and I think the shortfall is about $12 trillion, over that timeframe.

The real problem is Medicare, the shortfall is something like $47 trillion, IIRC.

29 posted on 10/14/2013 10:03:05 AM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Medicare’s current expenditures are roughly $1 trillion per year and have been doubling every 8 years since 1980.

That means:

In 8 years, they will roughly equal all current Federal tax revenue.

In 16 years they will roughly equal all current Federal expenditures.

In 32 years they will roughly equal current GDP.

Something’s going to break.


30 posted on 10/14/2013 10:10:21 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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