The Numbers Don’t Lie
U.S. Is Bankrupt and We Don’t Even Know: Laurence Kotlikoff Simple. We have 78 million baby boomers who, when fully retired, will collect benefits from Social Security, Medicare, and Medicaid that, on average, exceed per-capita GDP. The annual costs of these entitlements will total about $4 trillion in today’s dollars. Yes, our economy will be [...]
