Entitlements, Social Security, Medicare, Medicaid

Mandatory spending on entitlements, specifically Social Security, Medicare, and Medicaid will explode as baby boomers retire and healthcare costs rise. In less than two generations, the amount the government currently spends on entitlements will double, claiming all federal tax revenues by 2052. These spending tsunami will in leave no room in the federal budget for other priorities like defense or low taxes. Left on autopilot, these entitlement-driven deficits will reach 24.5 percent of GDP over the long term.

Comments

• Settle Tax Debt Fast!

  
  
  

• Recent Comments

  • scotty on How To Claim Your $250 Stimulus Check… Not!
  • Check Cash Advance on Obama Stimulus Package Comes With Tax Credits & Free Cash
  • Kenneth Cole on Free $250 Stimulus Check For Social Security Recipients Who Don’t Work
  • justice on Social Security Increases for 2010 and 2012 Uncertain; Stimulus Check Coming In 2009
  • JUDITH DUNBRACK\ on When will my Social Security Stimulus Check arrive?

• Tags

  $250 ALLSUP Baby Boomers Barack Obama Benefits Check COLA Congress death index Disability FAQ Fraud Free Money Future Health Care History Investing Job Lawyers Medicaid Medicare NCPSSM Obama Poll Privatization Recovery Reform Retirement Retirement Age Scam Social Security Social Security Number Social Security Reform Social Security Trust Fund ss SS Card SSI SSN Stimulus Stimulus Check Stimulus Payment Surplus Taxes Trust Fund Work

• Get Foreclosure Help