Preparedness, politics, economy and anything else I blither about.
Monday, August 10, 2009
We already have single payer government systems...
Medicare , the government run single payer medical plan with 40 million subscribers and Social Security, the government run single payer (retirement?) plan. Both programs are a fiscal disaster with a combined $107 TRILLION (that's $107,000,000,000,000) in unfunded liabilities; 7 times the national GDP and almost 10 times the national debt. It is projected in 8 yrs Medicare will be bankrupt (technically it already is since the present federal debt of $11.6 trillion exceeds 'money in the bank').