$85,000,000,000,000 and Counting . . .

While this is probably not new news to many readers of this blog, I thought that it was a good reminder from "Insureblog"

If you think $700,000,000,000 is a lot of money to start to bail us out of the mortgage mess.

Or $85,000,000,000 plus another $37,000,000,000 for AIG is disgusting.

Try this on for size.

$85 TRILLION.

That is the estimated unfunded liability for Medicare.

(..)

Medicare went into deficit this year -- 2008. That means that this year Medicare began paying out more than the program takes in. Oops! Someone forgot to tell the politicians. They are giving away money like a drunken sailor and promising even more. If we can't cover our costs for Medicare, how are we going to pay for health care for everyone? The numbers don't lie.