Thursday, April 7, 2011

Gov plans to end social security, Medicare, & Medicaid

citing the nation's burgeoning debt and enormous unfunded liabilities for both programs.
The web site usdebtclock.org lists them as follows:

(1) the US National Debt: over $14 trillion;

(2) Social Security Liability: nearly $15 trillion;

(3) Prescription Drug Liability: nearly $20 trillion; and

(4) Medicare Liability: nearly $79 trillion.

Total: over $113 trillion plus the National Debt.

no security

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