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Long-Term Unfunded Liabilities for Medicare and Social Security Reach $49 Trillion
The Social Security and Medicare Boards of Trustees’ 2014 report shows that Medicare and Social Security, the most popular government programs in the U.S., have reached nearly $49 trillion in long-term unfunded liabilities. This equates to a liability of more than $150,000 for every person in the United States. The federal government has promised benefits to a large number of Americans that it can’t pay for, creating an uncertain and unsustainable future for those most in need….Read More
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