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URL:  http://boards.fool.com/that-is-an-almost-nonsensical-way-to-look-at-it-30358514.aspx

Subject:  Re: Poll: Obamacare Effect Date:  11/3/2012  1:31 PM
Author:  Goofyhoofy Number:  46073 of 63256

That is an almost nonsensical way to look at it. A portion of Medicare is paid for by payroll taxes. But a portion (mostly Part D) is paid from the general fund by statute. There is a "shortfall" in the same sense that the military has shortfall of $700 billion.

It might be worth pointing out that the "fear of China" is a right-wing shibboleth. Most of the "debt" is financed in the United States. Banks, corporations, individuals, pension funds, and more buy 85% of it.

Total foreign purchase of "deficit" debt: about 15%:

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