Hey Zoom - they may have found part of that $500 billion!

[chanel]

'Sacrifices and hard choices'

When the Bowles-Simpson commission sits down to business April 27, the choices it will face are grim, according to the Congressional Budget Office:

•Health care costs are soaring. Medicare and Medicaid will cost more than $800 billion this year, the CBO says. By 2020, they'll cost $1.5 trillion.

Raising Medicare's eligibility age from 65 to 67 would save $86 billion over 10 years. Raising the premium for doctors' bills from 25% to 35% would save $217 billion.

That's peanuts compared to what the Treasury Department projects Medicare will owe over the next 75 years: $38 trillion.

Nation's soaring deficit calls for painful choices - USATODAY.com

Ah... Remember when the press poked fun at those seniors at the town hall meetings? Here it comes...