Here's an eye-opener - "federal income taxes for every taxpayer would have to rise by roughly 81% to pay all of the benefits promised by these programs under current law over and above the payroll tax."
This is from a very sobering article by Bruce Bartlett, a former Treasury Dept economist. We've all been hearing it, that the Social Security and Medicare obligations are more than we can ever fund. That the politicians just keep giving more and more away to buy votes. We'll, the irresponsible spending is coming home to roost and it's just around the corner
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