Think the National Debt Is Large? Well, the Entitlements Deficit Is Even Bigger
Long-term unfunded obligations in Medicare and Social Security alone reached nearly $49 trillion, according to the 2014 report from the Social Security and Medicare Boards of Trustees. That’s nearly three times the size of the total national debt of $17.6 trillion, or more than $150,000 for every person in the U.S. It helps to break down the numbers so taxpayers and seniors can grasp the full meaning of the entitlement programs’ financial states and how their unchecked growth will affect the federal budget…Read More
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