|America's independent, non-partisan advocate for overburdened taxpayers.||Home | Donate | RSS | Log in|
Unfunded Liabilities of Current Entitlement Programs
The Government Accountability Office projects a total shortfall of $45.8 trillion for the federal government's entitlement programs over the next 75 years. This figure is the amount of benefits promised in excess of taxes to be paid into these funds.
To meet this total shortfall, the government will need to find $612 billion a year. And this is before factoring in the future benefits promised in the brand new health entitlement that will be signed into law this week.
Comment on this blog