[pabianice]

"The chilling conclusion is that virtually 100 percent of all federal taxes, on a present value basis, do nothing but pay for Social Security and Medicare. Unless there are plans to abolish the rest of the federal government, large tax increases are inevitable."

Oy.

[PeterPrinciple]

I think we should fund this with federal lottery tickets.

[econ_grad]

Bush should take the blame for completely botching Medicare.

[Patti_ORiley]

Massive government takeover of the medical industry is inevitable. -- I'm sorry to say.

[lilmsdangrus]

bump

[John Lenin]

truth bump

[jec41]

The $1.7 trillion currently in the Social Security trust fund is treated as if it is a real asset, which lowers the unfunded liability to $12 trillion.

We have some some federal securities receipts for the $1.7 trillion. We are now funding federal programs with the SS surplus. Wait until they have to pay the security notes plus the programs that the SS surplus is funding. Whats that noise??? Oh, their just warming up the printing press.
More money backed by nothing!!!!!!! Once again,letting a politician handle your money is worse than giving a credit card to a dope addict.

[jec41]

Understanding the Long-Term Finances of Today's Entitlement Programs (we're screwed)


Thats for sure!!!!