Voting Question: Liberals, income taxes would have to be raised 81% to pay for SS and Medicare unfunded liabilities. Thoughts?
- Posted on 28 Jan 2012, 4:39 pm | click here for more
"The unfunded liability of the two programs is now about $84 trillion. look the table, based on a 2007 estimate -- before the recession -- made by Prof. Kent Smetters of the Wharton School of Finance at the University of Pennsylvania. Click here. To pay for Social Security and Medicare, the government would have to lift income taxes by 81%." http://www.garynorth.com/public/department30.cfm I chose something other than Faux News so it wouldn't upset you guys. wish you're glad.