May 3, 2010

Long-Term Social Security and Medicare Deficits

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Mercatus Center Senior Research Fellow, Veronique de Rugy examines the 2009 long term projections of year-over-year deficits of two of our nation’s largest social programs: Medicare and Social Security. Medicare and Social Security accounts are currently in cash flow deficit, these deficits are projected to continue and grow into the future, from around 3% of GDP in 2010 to 16% of GDP in 2083. These accounts represent a liability of $45.9 trillion over the next 75 years.

Learn more about the United States’ hidden liabilities.