...we're in trouble.

Watch Congressman Pete Stark (language alert!) ripping up an interviewer who seems to be asking some valid questions about our debt.

"The more we owe, the wealthier we are."

This is news to me, but I guess some in Congress believe it!

Click here to download:

Social Security and Medicare Projections 2009.pdf (357 KB)

No one seems to know, but I think it's a lot more than anyone thinks. The National Center for Policy Analysis says that Social Security and Medicare "lost" $5 trillion just last year in the sense that $5T was added to the unfunded liability of those programs.

Basically there isn't enough money in the universe to pay for these future claims. See the attached 2-page PDF report.