The federal government would have to deposit $40 trillion today in an interest-bearing account in order to finance over the next 75 years the Social Security and Medicare commitments that exceed the projected revenue and premium streams.
Washington Times Online
And so, the Washington Times, the most ignored newspaper in the nation, warns of the coming "train wreck" of Social Security.
The current – and enormous – national debt now stands at a mere $9 Trillion. (That's $9,000,000,000,000.) If stacked at 100 per inch, 9 Trillion dollar bills would go to the moon and back almost twice. Even our paltry few trips to the moon – for real – didn't cost $100 per inch.
In comparison, $40,000,000,000,000 would stack up so high, they would span the distance to the moon eighteen times. Eighteen!! That's more times than we actually went to the moon -- Apollo 13 included.
Further Context
If every adult in America were to receive his or her "bill" from the Federal Government for their "fair share" of the waste, abuse, corruption, and tyranny of the federal implementation of the welfare state, the bill would come to an affordable $50,000 per person. (Wikipedia) In a two-parent household, that means a family debt of $100,000 – without the mortgage, the two cars, the High Definition TV, and the kid's college.
This is all thanks to your congress and the spend-thrift elite in both parties.
As an eye-opener, a brief look at the reports on the GAO's web site quickly overwhelms the senses. The number of programs over which the GAO has performed studies is, itself, overwhelming.
Are these – any of them – things the federal government will do best?
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