Replies to post #326752 on CMKM Diamonds Inc. (fka CMKX)

[TSXminer]

I believe the projection of 2019 was based on the current rate of increase in the deficit in Medicare, Medicaid and SS, obviously accounting for the boomer demographic.

[TSXminer]

...impact in the year 2019 when the Medicaid trust fund becomes insolvent.

Only an immediate 122 percent increase in Medicare taxes and a 26 percent increase in Social Security taxes can prevent (or more likely, delay) its impact.

Realizing that Americans have become pretty much numb to these kinds of ridiculous sounding proposals, U.S. Treasury Secretary Henry Paulson tried to up the ante this week. "Without change," he said, "Rising costs will drive government spending to unprecedented levels, consume nearly all projected federal revenues, and threaten America's future prosperity."