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March 19, 2004 at 07:00 PM
NU Online News Service, March 19, 2004, 2:15 p.m. EST – The federal government has accumulated about $50 trillion in unfunded liability for Social Security and Medicare.[@@]
The National Center for Policy Analysis, Washington, says the unfunded liability for the new Medicare prescription drug benefit alone is about $10 trillion over an “infinite time horizon,” or about as much as the unfunded liability for Social Security.
The unfunded liability for Medicare benefits other than the new prescription drug benefits is about $30 trillion, and the total unfunded Medicare liability is about $40 trillion, the NCPA says.
