Poor Financial Condition Office of the Auditor General - State of Rhode Island _____________________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________ September 30, 2007 - David Walker - GAO $7 Trillion Deficit Social Security Fund/ Medicare & Medicaid Funds 50.5 Trillion (Thats right 12 zeros) and rising/ 170,000 48.8 Trillion (Net Worth) - (Gates/Housing) Prescription Drugs – 7.9 Trillion Social Security Debate – Medicare/Medicaid harder to fix A public that does not take care of personal finances
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