Entitled Nation
"One, the U.S. government owes more than $20 trillion to foreign and domestic investors. Two, the national debt is well beyond 100 percent of the total annual output of the American economy—a defensible state of affairs during a cataclysm on the order of the Second World War but sheer idiocy in peacetime. Three, the federal government’s yearly expenditures outstrip revenues by half a trillion dollars or more—our current budget deficit is $693 billion and climbing. Four, by far the largest contributors to our debt and deficits are the big three 'entitlement' programs, Medicaid, Medicare, and Social Security. And five, there is currently no plan to do anything about any of it."
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