The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security.
That brings to a record $61.6 trillion the total of financial promises not paid for. This gap between spending commitments and revenue last year equals more than one-third of the nation's gross domestic product.
Medicare: Obligation per household: $212,500
Federal debt: Obligation per household: $79,900
Military retirement/disability benefits: Obligation per household: $31,200
Federal employee retirement benefits: Obligation per household: $24,000
When ObamaCare is implemented 100%, do see the numbers getting better? Do you even care? Is this national trend of financial uncertainty/fiscal vulnerability~ YOU want to leave for your children/grandchildren?
Answer by tasches at 1:56 PM on Jun. 7, 2011
Answer by daughteroftruth at 1:57 PM on Jun. 7, 2011
Does not surprise me but it does make me sick! I cannot believe that people look at this and think its ok and we should just keep on doing what we are doing! Its time for REAL "hope" and "change".
Answer by amazinggrace83 at 1:57 PM on Jun. 7, 2011
Answer by UpSheRises at 2:02 PM on Jun. 7, 2011
Answer by UpSheRises at 2:16 PM on Jun. 7, 2011