According to the most recent Social Security and Medicare trustees report, the unfunded liabilities of these New Deal and Great Society programs exceed $100 trillion dollars.
Add the unfunded Medicaid mandates imposed on the states along with the pension liabilities of millions of federal, state, and local government employees and the total becomes almost impossible to comprehend.
Try this on for size...
If you confiscated 100% of the Gross Domestic Product (GDP) of the U.S. for 10 years you couldn't cover all these liabilities!!!
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