From a government website:
http://www.cga.ct.gov/2010/rpt/2010-R-0197.htm
"Debate about the future of Social Security and Medicare centers around the fact that as the Baby Boomers retire, tax revenues will decrease and expenditures will increase. If program expenditures exceed tax revenues for too long, the trust fund will be depleted and the program will be insolvent (Congressional Budget Office). Both Medicare and Social Security have substantial unfunded liabilities, which are calculated by subtracting the value of future taxes and the trust fund balance from the value of future benefit payments."
Substantial unfunded liabilities. And "substantial," in this case, actually means MONSTROUSLY, MIND-NUMBINGLY, GARGANTUANLY, HUGE.
But we can't cut the spending. No-sirree. Because the left rear tire of the bus we're on is still on the cliff, and the fall hasn't yet begun.
You liberals are so mature. THE MONEY TO SUPPORT THESE PROGRAMS ISN'T THERE. ANYWHERE. But it's better in your minds to ignore the problem than it is to manage the crisis in a controlled fashion. Unbelievable.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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