Going for Broke: Deficits, Debt, and the Entitlement Crisis

By Michael D. Tanner.

Going for Broke: Deficits, Debt, and the Entitlement Crisis

Description

Our growing national debt has dropped out of the headlines recently—but that doesn’t mean that the problem has gone away. The national debt recently topped $17.5 trillion, and is projected to reach $27 trillion by 2024. Worse yet, if you include the unfunded liabilities of Social Security and Medicare, the U.S. real indebtedness exceeds $83 trillion. Despite these undeniable facts, politicians from both parties continue to avoid making the difficult decisions that must be made.Social Security, Medicare, and Medicaid alone account for 48 percent of federal spending today, a porti...

ISBN(s)

1939709741, 9781939709745

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