21. Bankrupt: Entitlements and the Federal Budget
- Author:
- Michael Tanner
- Publication Date:
- 03-2011
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- The U.S. government is about to exceed its statutory debt limit of $14.3 trillion. But that actually underestimates the size of the fiscal time bomb that this country is facing. If one considers the unfunded liabilities of programs such as Medicare and Social Security, the true national debt could run as high as $119.5 trillion.
- Topic:
- Debt, Economics, Human Welfare, Financial Crisis, Governance, and Health Care Policy
- Political Geography:
- United States