The United States’s budget outlook is bleak, and it’s only going to get bleaker as the American population ages and debt continues to accumulate. Indeed, within just three decades, spending on Social Security, Medicare, and paying the interest on the debt is projected to exceed total revenues. That means all of your tax dollars will go to those two programs and interest to America’s creditors alone, leaving nothing left for the innumerable other things the federal government spends money on.
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