Taxpayers face "monster" debt to fund boomer retirement
| "Taxpayers owe more than a half-million dollars per household for financial promises made by government, mostly to cover the cost of retirement benefits for baby boomers, a USA TODAY analysis shows. Federal, state and local governments have added nearly $10 trillion to taxpayer liabilities in the past two years, bringing the total of government's unfunded obligations to an unprecedented $57.8 trillion." "Retiree Benefits Grow Into 'Monster'" |
posted by Dead Hippie at 3:31 PM
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