Tuesday, June 12, 2007

Can you say 59 trillion?

From BLT:

Official estimates of the federal budget deficit don't include unfunded promises for Medicare, Social Security, and other government spending. If they did? According to a recent analysis by USA TODAY of unfunded promises by federal, state, and local governments, American taxpayers are now on the hook for a total of $59 trillion. This is $516,348 for every U.S. household. Medicare is the largest component ($255,280 per household), followed by Social Security ($144,251), federal debt ($43,380), and military benefits ($25,863).

2 comments:

Anonymous said...

Medicare is the largest amount, and seniors now have to pay more for part B, and many doctors don't take medicare, or many Rx are not covered, and tests etc. Sad, people work all their lives, retire, and then have to go back to work because they can't afford Medicare part B, or their Rxs or something.
And what was done during this administration to make things better? A part B that was so confusing and costly to seniors, for starters.

KittyBowTie1 said...

WTF!!!!!!!!!!!!!!!!!!!!!

One of the other problems with the Medicare Part D for prescriptions is that when that went into effect, a lot of companies decided their retirees didn't need private prescription insurance anymore and they just dumped their retirees. I plan on having to work until I am dead.