[Culturechat] Medicare, good or bad?

Sun, 21 Mar 2004 14:31:13 EST

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Following is a link to statistics on total U.S. debt, public & private.    
Meanwhile, the U.S. government is borrowing about $1.5 billion per day, Bush has 
increased government spending at twice the rate that it went up under 
Clinton, and Bush and Kerry are in a race to see who can promise more debt financed 
goodies to the voters.    

John McCain said something to the effect that he found it ironic that the 
administration is running television ads, paid for with borrowed money, to tout a 
new Medicare entitlement program that we can't afford in the long term.   

http://mwhodges.home.att.net/debt-summary-table.htm

The above table shows--excluding contingent un-funded liabilities of Social 
Security and Medicare-- total debt (private and government) is $37.5 Trillion. 

This is equivalent to $129,560 per person (including those in diapers) - - 
which is equivalent to $518,240 per family of 4.

If we include those un-funded liabilities, then total debt (private plus 
government) is $81.5 Trillion - - equivalent to $282,000 per person - - which is 
equivalent to $1.1 million per family of 4.

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<HTML><HTML>Following is a link to statistics on to=
tal U.S. debt, public &amp; private.&nbsp;&nbsp; Meanwhile, the U.S. govern=
ment is borrowing about $1.5 billion per day, Bush has increased government=20=
spending at twice the rate that it went up under Clinton, and Bush and Kerry=
 are in a race to see who can promise more debt financed goodies to the vote=
rs.&nbsp;&nbsp; 
 
John McCain said something to the effect that he found it ironic that the ad=
ministration is running television ads, paid for with borrowed money, to tou=
t a new Medicare entitlement program that we can't afford in the long term.&=
nbsp; 
 
http://mwhodges.home.att.net/debt-summary-table.htm 
 
The above table shows--excluding contingent un-funded liabilities of Social=20=
Security and Medicare-- total debt (private and government) is $37.5 T=
rillion. 
 
This is equivalent to $129,560 per person (including those in diapers) - - w=
hich is equivalent to $518,240 per family of 4. 
 
If we include those un-funded liabilities, then total debt (private plus gov=
ernment) is $81.5 Trillion - - equivalent to $282,000 per perso=
n - - which is equivalent to $1.1 million per family of 4.</HTML>

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