By BJ
You have to love it when somebody looks at the US government using proper accounting standards.
The federal government's long-term financial obligations grew by $2.5 trillion last year, a reflection of the mushrooming cost of Medicare and Social Security benefits as more baby boomers reach retirement.That's double the red ink of a year earlier.
Taxpayers are on the hook for a record $57.3 trillion in federal liabilities to cover the lifetime benefits of everyone eligible for Medicare, Social Security and other government programs, a USA TODAY analysis found. That's nearly $500,000 per household.
Just another reason you may not want to elect a guy who thinks the Bush tax cuts were so good they need to be extended and added to.
No comments:
Post a Comment