I found some good numbers to use for the Medicare unfunded liability. As of 1/1/2009, the amount is $13.4T and the 1/1/2008 number is $12.4T. See the 2009 Medicare Annual Report. I'm still going to leave off Medicare Part D (the drug plan) because I consider it too speculative. Adding this to the equation makes the numbers look like this:
Calculation of the US Consolidated Liabilities as of 9/30/2007 (in billions):
9,008 National Debt
4,769 Federal Pensions
4,700 Soc. Sec. unfunded
11,600 Medicare unfunded
52 Federal Reserve liabilities
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30,129 Total
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Calculation of the US Consolidated Liabilities as of 9/30/2008 (in billions):
10,025 National Debt
5,319 Federal Pensions
4,400 Soc. Sec. unfunded
12,400 Medicare unfunded
630 Federal Reserve liabilities
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32,774 Total
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Calculation of the US Consolidated Liabilities as of 9/30/2009 (in billions)
11,910 National Debt
5,284 Federal Pensions
5,300 Soc. Sec. unfunded
13,400 Medicare unfunded
1,051 Federal Reserve liabilities
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36,945 Total
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The 2008 was an increase of 2,645 or 8.8% over 2007, and the 2009 total is an increase of 4,171, or 12.7% over 2008. By way of comparison, the total tax revenue in FY2009 was $2.7T. I find it interesting that adding Medicare to the mix reduces the total rate of growth. So other debts are growing at an even faster pace than Medicare.
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