Speaking of Unfunded Liabilities: Medicare Part D

in Gold Gold Prices silver by admin — March 8, 2010 9:34 pm | no comments

The Financial Report of the United States Government, 2009 was released last week. Perusing the tables, one encounters the gigantic new, unfunded entitlement enacted in 2003, namely Medicare Part D . From page 50 of the report: Note the last line, “Present value of future expenditures in excess of future revenue” (over a 75 year period). The figure is $7.2 trillion . The report also has some interesting information about contingent liabilities [1] [2] . See Notes 18 and 19 (pages 99-101).