New entitlement an unfunded liability; will eclipse Social Security.
The expense of caring for veterans of the Iraq and Afghanistan wars is an unfunded budget liability for U.S. taxpayers that in years to come will rival the cost of entitlement programs such as Social Security and Medicare, lawmakers will be told Thursday.
The House Veterans' Affairs Committee will hear new estimates of the cost of lifetime medical care and benefits for returning troops disabled by their service — a total of more than $1.3 trillion.
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My Comment: These numbers are staggering .... and I am sure that no one has looked at them until now.