Tag Archives: Unfunded Liabilities

Addressing National Debt by Reforming Social Security

FDR Signing Social Security Act August 14, 1935

Government deficits and debt have reached alarming levels today, and the unfunded liabilities of tomorrow are even more staggering.  The key to attaining fiscal sobriety is entitlement reform, and Social Security is as good ...Read more

Blind Men and Elephants in the Room: How Much Should We Worry about the Public Debt?

President Obama is expected to announce today a $3.8 trillion budget with a $1.2 trillion deficit for FY2011.  Here’s the context within which he will reveal his plan.  For decades now, the federal debt acquired through years and years of ...Read more