up from 10% in 1966. As more Americans receive benefits and as healthcare
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Medicaid and other programs such as federal
and increased the full retirement age by 3% (to 67) restored the system’s stability for
and imagine what the founding fathers would think if they saw how our
Medicare and Medicaid. Data in our chart is based on CBO’s ‘alternative fiscal scenario’ forecast
our turnaround expert might try to help management and
and some polls suggest that Americans consider
as well as adjustments to initial benefits and index levels. Of course
state and local) for every six households
where state and local governments are finding real productivity gains.
federal revenues depend on GDP growth and related tax levies on consumers
the country needs policies that foster productivity and
“The Budget and Economic Outlook: Fiscal Years 2010 to 2020
as more resources have gone to entitlements and interest payments
and its tertiary (college) educated population will double over the next