entitlements

Medicare, Medicaid, and Social Security spending is set to explode, placing enormous pressure on other priorities such as defense and the rest of the budget.

Highlights

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  Entitlement Spending Will Nearly Double by 2050
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  Tax Revenues Devoured By Medicare, Medicaid, and Social Security in 2045
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  Medicare Adding to Federal Deficits Faster than Other Government Spending Programs
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  Social Security Deficits are Permanent and Growing
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  Without Entitlement Reform, Federal Spending Will Exceed 40 Percent of the Economy by 2050
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  Discretionary Spending Cuts Alone Will Not Balance the Budget
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  Even Eliminating Defense Spending Completely Would Not Balance the Budget
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  Letting Tax Cuts Expire Will Not Balance the Budget
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  Balancing the Budget Without Cutting Spending Would Cause Taxes to Skyrocket
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  Hiking Taxes to Balance the Budget Would Require Doubling Tax Rates
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  Taxing the Wealthy to Balance the Budget Will Not Work
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  Government Policy Reform Needed to Keep Spending Low and End Deficits Without Raising Taxes