America's Big Three Entitlement Bankruptcies Are Inevitable | Mises Wire

America's Big Three Entitlement Bankruptcies Are Inevitable | Mises Wire

"America’s federally sanctioned entitlement programs, Medicare, Medicaid, and Social Security, each face bankruptcy in the next few years...

• These three entitlement programs consume about fifty cents of every federal budget dollar, or $2.7 trillion in fiscal year 2023...
• Medicaid’s costs are swamping state budgets, climbing from 9 percent in 1989 to 20 percent today...