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**jeaccatty** · 02-08-2011, 03:46 AM

Stiglitz is right about where the last $4 trillion in debt came from. What he doesn't tell you is where the next $10 trillion comes from: Medicare and Medicaid. 80% of spending growth from her on is Medicare and Medicaid. Most of the rest is Social Security.

Again there are 18,000 baby boomers entering social security/medicare DAILY which will continue for the next 15 years--resulting in another 64 trillion in unfunded liabilities. There is absolutely no way that this country can afford a debt that equates to $534,000.00 per household to pay this tab.

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02-08-2011, 03:46 AM	#20
jeaccatty Join Date Oct 2005 Posts 587 Senior Member	Stiglitz is right about where the last $4 trillion in debt came from. What he doesn't tell you is where the next $10 trillion comes from: Medicare and Medicaid. 80% of spending growth from her on is Medicare and Medicaid. Most of the rest is Social Security. Again there are 18,000 baby boomers entering social security/medicare DAILY which will continue for the next 15 years--resulting in another 64 trillion in unfunded liabilities. There is absolutely no way that this country can afford a debt that equates to $534,000.00 per household to pay this tab. Attachment 11385
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