Saturday, January 14, 2012

Significant Presidential Election Year Question - how will the Executive branch of the Federal Government convince the Legislative branch to solve this inequation ------------------------------------------------------------------------------------------------------


Money received for Medicare from employment during an individuals lifetime = $120,000  vs Money paid for Medicare benefits during an individuals lifetime = $350,000.   When multiplied by 70,000,000 Boomers now reaching Medicare eligibility the country cannot sustain this INEQUATION.  The unfunded difference is over $14,000,000,000,000 i.e. trillion dollars. The total US debt today is slightly above $15,000,000,000,000 i.e. trillion dollars.  Sources - Urban Institute and the US Debt clock. 


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