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10 Truths About America's Entitlement Programs

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10 Truths About America's Entitlement Programs

  2. Social Security, Medicare, and Medicaid will cost federal taxpayers $1.9 trillion per year. TRUTH #1
  3. Medicare accounts for more than 25% of all federal debt since 2000.   TRUTH #2
  4. In 10 years, the price for entitlement programs will soar to $ 3.5 trillion. TRUTH #3
  5. TRUTH #4 During the next 17 years, 77 million workers will retire.
  6. TRUTH #5 Beginning in 2034, Social Security will be unable to pay full benefits. BENEFIT CUT 23%
  7. TRUTH #6 The cost to make Social Security and Medicare financially solvent for the next 75 years is almost $40 trillion.
  8. TRUTH #7 What Washington spends on entitlement programs and interest on our debt exceeds what it collects in federal income taxes. DEBT AND ENTITLEMENTS
  9. TRUTH #8 We have nothing to fear from carefully crafted, phased-in adjustments to our entitlement programs.
  10. TRUTH #9 No mainstream politician is talking about cutting benefits today, but rather how to restrain the increases in spending.
  11. TRUTH #10 DEBT The biggest threat to Social Security, Medicare, and Medicaid as we know them is to do nothing at all.
  12. ANY REASONS WE MISSED? LET US KNOW! /USChamber @USChamber /USChamber /USChamber