Medicare, Social Security Owe Up to $52 Trillion to Current Retirees and Workers

Debts Up To Three and Half Times Greater Than Entire U.S. Economy DALLAS, Dec. 3 /PRNewswire-USNewswire/ -- If the federal government stopped the Medicare and Social Security programs tomorrow -- collecting no more payroll taxes and allowing no more accrual of benefits -- it would still owe up to $52 trillion to those who have already earned these benefits, according to a new study by the National Center for Policy Analysis (NCPA).

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It is all leading somewhere, i can't even imagine where just yet.

This is the big story lurking underneath everything going on.

There is only one politically possible way out of the social security mess -- massive inflation/devaluation of the dollar. The government will never take away the benefits, they will just make them more and more worthless.

I also think we will see some sort of socialized medicine in Obama's first term.