Well, I just tried to make it so that the zeroes didn't confuse folks. The unfunded liability for Medicare is $63 trillion. This is unsustainable. There's no way to take care of this. We need to shore up Medicare. We need to make sure that it's strengthened so that our future generations, not only the senior citizens today, can continue to get Medicare, but the future generations also. Now, what does $63 trillion of unfunded liabilities mean to everybody in this country? I mean, that's too big a number for everybody to really consider. So I broke it down to every family in the United States. Every family's part of this $63 trillion of unfunded liabilities for Medicare, as it exists today, is over $500,000 per family, $500,000 per family of unfunded liabilities for Medicare just in the next several decades. Now, I don't know about most families, but my family can't afford to pay $500,000 and neither can the government.
On the recordJuly 25, 2011
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