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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: geode00 who wrote (143384)10/26/2008 6:42:24 PM
From: Lizzie Tudor  Read Replies (1) of 173976
 
Right, those are the estimates based on baby boomers and the constant growth of Medicare costs well above that of GDP growth. There is also an estimate of $600 trillion (largest I've seen so far) of financial derivatives out there which is many times the value of world GDP.

These are estimates based on what?

I don't know the specifics of the 32 trillion, but considering we spend 500-550 billion today, PER YEAR to insure a much smaller elderly population its not like 32 trillion is unbelieveable.

Basically what we are spending today on these services is all we can afford to spend realistically going forward. We can't even afford double this figure much less 60 times this.

The whole problem is on the costs side. We just can't keep paying 50% of our healthcare expenditures to keep people alive for their last 2 weeks of life. that is not sustainable.
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