[kabar]

He also mentioned the $100 trillion in unfunded liabilities, i.e., Medicare and Social Security. Medicare’s trust fund is exhausted in 2028 and SS in 2033. When that happens, benefits must be reduced, by law, to the amount of revenue received. This means about a 20% decrease in benefits. Taxes will have to be raised and/or benefits reduced in order to keep both systems solvent.

[rodguy911]

great catch bud.THe problem with any obama administration is that we don't really know what they do since most of it happens in secret.

Last time we found that he had given the US's full faith and credit in backing overseas loans to numerous companies and virtually anyone anywhere. How bad is that this time,it will take years to find out.NO telling what other bombs he has planted out there as well.

Remember Ozero hates the U.S. hates us and loves no one.

[DanZ]

He also mentioned the $100 trillion in unfunded liabilities, i.e., Medicare and Social Security. Medicare’s trust fund is exhausted in 2028 and SS in 2033.

And yet RINO McCarthy refuses to address the budget issue, might as well vote 3rd party or not bother to vote