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Saturday, March 8, 2008

Re: healthcare entitlements, stupid

$1.6 trillion (not billion) is annual federal spending on such programs, including spending that might be financed by redeeming T-bills from the SS trust funds.
$33 trillion of the unfunded liabilities represents the shortfall over the next 75 years, and the rest is the shortfall for all the years beyond that, discounted appropriately.
See for a good overview.