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reason.com - 12/5/2008
The $102 Trillion Bailout
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With a bailout bill that totals $8.5 trillion so far and a "stimulus package" yet to come, the federal debt, currently about $6.3 trillion, can be expected to grow substantially in the next few years. But as a new report from the National Center for Policy Analysis ...

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The Daily Dish | By Andrew Sullivan:  Death By Entitlements

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Death By Entitlements
The Daily Dish | By Andrew Sullivan — Jacob Sullum studies a new report from the National Center for Policy Analysis: If [Social Security and Medicare benefits] were funded by investments, they say, the government would have to set aside $102 trillion ("about 7 times the size of the U.S. economy") to keep the programs solvent. Assuming the government continues to use current tax revenue to pay for Social Security and Medicare, the two programs will consume one-tenth of the federal budget by 2012, almost half by 2030, and 80 percent by 2070. Rettenmaier ...

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