Estimated Funding Gaps in Medicare and Social Security (Photo credit: Wikipedia)
By Steven Rattner – Thanks to escalating health care costs and repeated sweetening of benefits without commensurate increases in revenues, Medicare was underfinanced by a staggering $37 trillion as of Sept. 30.
Under Washington’s delusional rules, budget crunchers in both the White House and Congress credit this $1 trillion twice: once in calculating that the care law will generate more revenues than costs, and again in concluding that the Obama plan will chip away at the Medicare problem. more> http://tinyurl.com/6s52hwx
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