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To: KyrosL who wrote (67959)1/30/2001 3:06:11 PM
From: Tunica Albuginea  Read Replies (1) | Respond to of 99985
 
kyrosL:There is one Large Debt that does NOT appear on the books:

The Outlandish Medicare promises made to future Seniors.

Any current estimates are a mere shadow of it's monstrous reality.

This is why the Medicare checkbook MUST be taken out of

-the Government's hands

-individuals'hands ( ie, don't give them a signed, blank check, where all they have to do is fill in the
astronomical amount.( That IS the CURRENT system, BTW ).

TA

--------------------------------------------------------
you said

Message #67960 from KyrosL at Jan 30, 2001 12:18 PM

The latest government debt can be found here:

publicdebt.treas.gov

Current Held by the Government Owed to the Public Total
01/26/2001 2,369,372,499,843.13 3,371,063,344,354.87 5,740,435,844,198.00

So there is 3.4 trillion held by the public and 2.4
trillion held by the government, mostly in the SS trust
fund.

Of course, when we are talking about the debt problem in
the US it's not this debt we mean. It's the trillions owed
by individuals and companies.

Kyros