Unfunded obligations

A short video on the unfunded obligations of social security, Medicare and Medicaid

There are only two ways to pay for these unfunded obligations.

(1) Invest 50 trillion dollars in a bank acount today (growing with interest)

(2) Our economy grows at a double digit rate for the next 75 years

(for comparison, our economy grew at an average rate of 3.2% in the 1990s)

Given that we dont have 50 trillion dollars, and our economy almost certainly will not grow this much, this system will fail

Note both (1) and (2) are factually accurate, look it up for yourself, or just watch the video this is a response to

social security medicare medicaid debt welfare healthcare unfunded obligations 60 trillion dollars ron paul

Category:

News & Politics

Tags:

• social
• security
• medicare
• medicaid
• debt
• welfare
• healthcare
• unfunded
• obligations
• 50
• trillion
• dollars
• ron
• paul
• GAO
• government
• accountability
• office

[gtc1961]

well, when congress approves the healthcare bill tonight, I'm sure this number will at least double. Anyone konw of a good country to move to?

[collapseofthedollar]

still sorting it out... ill let you know. haha. I'm not joking

[bunga40]

President Bush sure did his part very well to blow up the national debt. Well done!

[collapseofthedollar]

I think most presidents in recent history haven't done much to help. Clinton had a step in the right direction, but the only reason it wasn't a 'deficit' was that they were spending social security money. If you take that into account we've had deficits almost since the inception of our country. Debt isn't necessarily bad but in the next few decades our debt will explode exponentially into tens of trillions of dollars, which IS a problem, a BIG problem...

[delyshBB]

@bunga40 Obama is looking like Bush on steroids... lol

[collapseofthedollar]

obama=bush=mccain=same old shit different term

[10thdim]

Good video, this is important stuff to get out into the world.

Have you seen this movie?

watch?v=5r6-o1lpJHU

What do you think about its explanation of the basic problem with the Federal Reserve?

There is a moment in this video where they quote Marriner Eccles, Governor of the Federal Reserve in 1941 that for me explained the basic problem in a nutshell:

"If there were no debts in our money system, there wouldn't be any money."

For me that quote spoke volumes.

[RevolutionaryJam]

hows aboutsssss reducing military spending and replacing the current welfare system with a graded basic-income scheme which is fair to all people and eliminates the poverty trap

oh wait a minute, then the government couldn' keep us all enslaved, oops

[thelopper]

The way to fix this is to limit the Federal Government to its Constitutionally authorized activities. Neither Medicare, nor Social Security, nor welfare, nor unemployment benefits are constitutional. End them, now.

[ChristianArmorOfGod]

Psalms 9

17 The wicked shall be turned into hell, and all the nations that forget God.

[SerbianPaladin]

Americans will turn to communism to find the answer to this. So ironic xD