Going for Broke: Deficits, Debt and the Entitlement Crisis

America’s growing national debt, now surpassing $18 trillion dollars, has dropped out of the headlines recently, but that doesn’t mean the problem has gone away. Social Security, Medicare, and Medicaid alone account for 47 percent of federal spending today, a portion that will only grow larger in the future, reaching well over $26 trillion in just 10 years. Furthermore, if you fold in the unfunded liabilities of Social Security and Medicare our real indebtedness exceeds $90.5 trillion.To avoid the pressing budgetary disaster, Democrats and Republicans must come together and reform these entitlement programs. Join us for an in-depth look at the obstacles and the potential solutions to the implications of sky-high national debt and the future that doing nothing portends. Hosted on Acast. See acast.com/privacy for more information.