Posted by Curt on 19 March, 2011 at 1:04 pm. 2 comments already!


Former House Speaker New Gingrich (R-Ga.), a likely 2012 presidential candidate, told today that he does not regret supporting the enactment of the Medicare prescription drug plan which now presents the federal government with a $7.2 trillion unfunded liability.

An unfunded liability is a benefit the federal government has promised to pay that is not matched by tax revenue to fund it and thus represents an anticipated increase in the national debt.

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