$99 Trillion

$99 Trillion is the total Present Value of the funding needed today if Social Security and Medicare were to be fully funded. I caught this stat in a speech by the Dallas Fed president Mr. Fisher the other day. He was quoting recent figures from a study and Mr. Fisher was trying to bring this massive problem to the attention of those in the financial community. It seems that very few in the political world want to talk about this massive problem. The Social Security Present Value was placed at $13 Trillion and the Medicare Present Value was placed at $86 Trillion. His point was that these numbers dwarf the US's annual GDP which is around $13 Trillion and that the political will must be strong enough to attack this problem, now.