They have projected that the federal debt will spiral to 150% of GBP in 30 years under current law, thanks almost entirely to explosions of cost in Social Security and Medicare.
The deficit at the end of 2016 stood at a whopping $587B or 3% of GDP and this will explode to over 10% of GDP gradually over the next 30 years.
Despite all of this, we still hear the same old talking points about how we can't possibly make cuts to Entitlements. We're actually just adding to them now.
Can't wait for the US to be insolvent later in my life, all so we can help provide everything the current baby boomers wanted.
The deficit at the end of 2016 stood at a whopping $587B or 3% of GDP and this will explode to over 10% of GDP gradually over the next 30 years.
Despite all of this, we still hear the same old talking points about how we can't possibly make cuts to Entitlements. We're actually just adding to them now.
Can't wait for the US to be insolvent later in my life, all so we can help provide everything the current baby boomers wanted.