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“We have $128 trillion worth of unfunded liabilities and the total net worth of our country is $94 trillion and we have another $17 trillion worth of debt.”
$126 trillion in unfunded liabilities for three programs — Social Security, Medicare and the Medicare prescription drug program. The biggest share of the total — more than $87 trillion — belongs to the Medicare program.
“We have $128 trillion worth of unfunded liabilities and the total net worth of our country is $94 trillion and we have another $17 trillion worth of debt.”
$126 trillion in unfunded liabilities for three programs — Social Security, Medicare and the Medicare prescription drug program. The biggest share of the total — more than $87 trillion — belongs to the Medicare program.
So what do you propose we do with seniors who need healthcare. We are living longer and we have doctors taking advantage
“We have $128 trillion worth of unfunded liabilities and the total net worth of our country is $94 trillion and we have another $17 trillion worth of debt.”
$126 trillion in unfunded liabilities for three programs — Social Security, Medicare and the Medicare prescription drug program. The biggest share of the total — more than $87 trillion — belongs to the Medicare program.
Well, this is unusual...A self-refuting post.
The supporting link provided by BentBow is to an article on the Washington Post website. This cited article gives the "$128 TRILLION" claim three Pinocchio's.
In other words, BentBow pretty much just called an expert witness to the stand, and his own expert definitively refuted the OP's claim.
Really, Bent, you simply must learn to read your own citations.
The supporting link provided by BentBow is to an article on the Washington Post website. This cited article gives the "$128 TRILLION" claim three Pinocchio's.
In other words, BentBow pretty much just called an expert witness to the stand, and his own expert definitively refuted the OP's claim.
Really, Bent, you simply must learn to read your own citations.
“We have $128 trillion worth of unfunded liabilities and the total net worth of our country is $94 trillion and we have another $17 trillion worth of debt.”
$126 trillion in unfunded liabilities for three programs — Social Security, Medicare and the Medicare prescription drug program. The biggest share of the total — more than $87 trillion — belongs to the Medicare program.
Oh gee I guess we should stop everyone's medical treatments right away!
The supporting link provided by BentBow is to an article on the Washington Post website. This cited article gives the "$128 TRILLION" claim three Pinocchio's.
In other words, BentBow pretty much just called an expert witness to the stand, and his own expert definitively refuted the OP's claim.
Really, Bent, you simply must learn to read your own citations.
Is there bad blood between us? You made it personal, for what? Is this a Kill the messenger deal?
If you have not noticed, it was a cut & paste for discussion. You went after me, like it is something I dreamed up.
I believe by the article, you figured out how much you really owe.
Is there bad blood between us? You made it personal, for what? Is this a Kill the messenger deal?
If you have not noticed, it was a cut & paste for discussion. You went after me, like it is something I dreamed up.
No, it's not a personal attack, and wasn't meant to be one. However, it was an admonishment to please take the time and actually read links that you provide as supporting evidence.
I don't demand that we agree with each other, but I do hope that you will provide your own insights and not simply spam other people's thoughts.
Quote:
I believe by the article, you figured out how much you really owe.
The first problem with the $128 Trillion dollar figure is that it is derived from incredibly fuzzy logic. The linked article from the Washington Post points this out, referring to the methodology behind the computation as an "unfunded obligation through the infinite horizon". Simply put, the figure is reached by stretching the time span out to an unreasonable length of time, 75 years from now. There's not a person alive who knows what's going to happen ten years from now, let alone 75 years from now.
The second problem with the $128 trillion dollar figure is that it's provided without proper context. Let me ask you: factoring in inflation, what will the total federal government revenue be over that 75 year span, how will it compare to the $128 trillion dollar figure, and how do you know that your estimated revenue figure is accurate?
As to how much "I" really owe - seeing as I'll probably be dead well before the 75 years are up, a lot less than you would have me believe.
So what do you propose we do with seniors who need healthcare. We are living longer and we have doctors taking advantage
Let them die. Life management services may be required. Also rudely described as death panels.
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