Anyone watch the town hall heathcare meetings?

[madryan]

 

Huh? Where'd you come to $85.6T?

 

 

http://www.nationalreview.com/nrof_bartlett/bartlett200409080940.asp

 

Like I said in another post. You have to have a pretty good understanding of accounting to really understand what's wrong with the US budget. This explains it but not really well.

[rushfan]

That is actually a projection of the Medicare total liabilities for Medicare Parts A, B, & D from the 2008 Medicare trustees' report. The cash flow went negative starting in 2004, according to that year's trust fund report. Social Security, Medicare, Medicaid and other non-funded liabilities are not reported as part of the National Debt because the Federal government uses cash accounting rather than accrual accounting. http://www.nationalreview.com/nrof_bartlett/bartlett200409080940.asp -Jack

 

[jaxn slim]

 

That is actually a projection of the Medicare total liabilities for Medicare Parts A, B, & D from the 2008 Medicare trustees' report. The cash flow went negative starting in 2004, according to that year's trust fund report. Social Security, Medicare, Medicaid and other non-funded liabilities are not reported as part of the National Debt because the Federal government uses cash accounting rather than accrual accounting. http://www.nationalreview.com/nrof_bartlett/bartlett200409080940.asp -Jack

 

 

A projection of total liabilities is not the same as "being in debt" for that amount. Even worse, I just looked at the trustees report, and that number is not in there. Please give a real source for that number.

[Phil O'Keefe]

http://acapella.harmony-central.com/showthread.php?t=2406626&page=4