Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SeekAndFind
$20 trillion prescription drug program and the $79 trillion Medicare entitlements

The prescription drug program is greater than the national debt??? That can't be right. Did he mean "$20 billion"?
16 posted on 06/18/2011 7:29:29 AM PDT by The people have spoken
[ Post Reply | Private Reply | To 1 | View Replies ]


To: The people have spoken
The prescription drug program is greater than the national debt??? That can't be right. Did he mean "$20 billion"?

He is counting future liabilities that are mandates of the program, much as accepted accounting procedures would require of a private pension/medical plan.

Without the accounting gimmicks, the national debt is closer to $100 trillion (not 14).

30 posted on 06/18/2011 8:27:52 AM PDT by seowulf ("If you write a whole line of zeroes, it's still---nothing"...Kira Alexandrovna Argounova)
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson