Social Security, Medicare Gap = 2x World GDP
From the good doctor at Hot Air, Maybe this time…
The difference between promised benefits and expected revenues for Social Security and Medicare amounts to about $107 trillion dollars, which Doug Bandow of the Cato Institute points out is double the annual Gross Domestic Product of the entire world. The most strident opponent of the New Deal would never have dreamed of predicting this level of cost overrun. Name any government program that has been around for more than five years, and the odds are good it costs at least triple what its opponents originally said it would cost.
Doc Zero, speaking of the many and frequent short-comings of the many and frequent federal government programs: “Maybe this time, Americans will insist their Senators kill this deranged health-care scheme before it gets signed into law… instead of taking risks on a government that has never failed to disappoint them.”
Yeah…maybe.
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