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cheap ghd straighteners Current U.S. public debt is 60 percent GDP vs. a bit more for Germany and France and nearly 200 percent for Japan. But consider that every year that we don't deal with long-term Social Security and Medicare liabilities adds $2-3 trillion to that total annually, currently $40 trillion or so. Yet markets don't even seem to notice. Nor does our $13 trillion economy. Or remember when Congress passed Medicare Part D? That was like adding another Social Security program to our long-term national debt. (Actually worse, Social Security has $6.8 trillion in long-term liabilities. The prescription drug benefit has created $8.6 trillion in long-term liabilities.) Again, the bond market didn't seem to notice. But the Wall Street bailout probably does make entitlement reform a front-burner issue for the next administration.
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