When Medicare Part-D was debated in Congress, previous to its egregious passage, the legislators debated its cost over the first 10-years. Originally projected cost of over $600 Billion the program has actually come in at just over $395 Billion (according to current estimates)...Some suggest (even argue) that this is a good thing and on the surface it appears so until one recognizes that any entity perpetually spending money it doesn't have (even if the projected deficits are only half of what they were projected to be) eventually goes broke. The U.S. is just that..."BROKE"!!!
Oh, and by the way, the cost beyond ten years which no one bothered to debate will be an estimated $8.1 Trillion over seventy-five years. That is one-eighth (1/8) of the current amount that is needed at today's treasury rates to cover every unfunded liability the U.S. government is responsible for over the foreseeable future. Yes, if we had +/- $64 Trillion on hand today we'd be just fine...Today we have ZERO on hand. Thus, the definition of "unfunded liabilities" of the U.S. Government...
"Houston, we have a problem!!!"
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