In reality, health entitlements—Medicare, Medicaid, Obamacare—and Social Security are the largest and fastest growing programs. Unless Congress fixes these four programs, they—and the ever-growing interest payments on the national debt—will consume every dollar of taxes paid by 2041. That leaves no money for anything else. Uncle Sam couldn’t spend a penny on defense, food assistance, highways, or education without driving the country further into debt.Wednesday, April 17, 2019
In 1 Chart, How Your Taxes Are Spent
In 1 Chart, How Your Taxes Are Spent:
In reality, health entitlements—Medicare, Medicaid, Obamacare—and Social Security are the largest and fastest growing programs. Unless Congress fixes these four programs, they—and the ever-growing interest payments on the national debt—will consume every dollar of taxes paid by 2041. That leaves no money for anything else. Uncle Sam couldn’t spend a penny on defense, food assistance, highways, or education without driving the country further into debt.
In reality, health entitlements—Medicare, Medicaid, Obamacare—and Social Security are the largest and fastest growing programs. Unless Congress fixes these four programs, they—and the ever-growing interest payments on the national debt—will consume every dollar of taxes paid by 2041. That leaves no money for anything else. Uncle Sam couldn’t spend a penny on defense, food assistance, highways, or education without driving the country further into debt.
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