In fact entitlement spending will consume all tax revenues by 2049.
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| Heritage |
Showing posts with label Medicare. Show all posts
Showing posts with label Medicare. Show all posts
Oct 5, 2011
United States National Debt Will Explode
Fiscal consolidation is not only needed to bring down current debt levels and the high fiscal deficit of 9 percent in the United States. Without radical reforms in Medicare, Medicaid and Social Security which will mainly cause the rise in debt, the Government Debt will actually explode to 350% in 2050.
In fact entitlement spending will consume all tax revenues by 2049.
In fact entitlement spending will consume all tax revenues by 2049.
Aug 18, 2011
United States 2011 Revenues and Expenditures Compared
In this post the United States Federal Budget of 2011 is depicted. On the left side you can see what the revenues consist of and on the right side this is shown for the expenditures. You can see that there is a 1.6 trillion dollars deficit in the 2011 budget.
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| Der Spiegel |
Apr 16, 2011
Projection of United States government spending
Via Lukas Daalder Projection of different types of government spending. Notice that Medicare, Madicaid, CHIP and Exchange subsidies will rise sbustantialle from 2020 as a percentage of GDP.
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