10 Truths About America's Entitlement Programs

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10 TRUTHS
ABOUT AMERICA’S
ENTITLEMENT PROGRAMS

Social Security, Medicare, and
Medicaid will cost federal
taxpayers $1.9 trillion per year.
TRUTH #1

Medicare accounts for more than 25%
of all federal debt since 2000.
TRUTH #2

In 10 years, the price for entitlement
programs will soar to $ 3.5 trillion.
TRUTH #3

TRUTH #4
During the next 17 years,
77 million workers will retire.

TRUTH #5
Beginning in 2034, Social Security
will be unable to pay full benefits.
BENEFIT CUT
23%

TRUTH #6
The cost to make Social Security and
Medicare ﬁnancially solvent for the
next 75 years is almost $40 trillion.

TRUTH #7
What Washington spends on
entitlement programs and interest on
our debt exceeds what it collects in
federal income taxes.
DEBT AND
ENTITLEMENTS

TRUTH #8
We have nothing to fear from carefully
crafted, phased-in adjustments to our
entitlement programs.

TRUTH #9
No mainstream politician is talking about
cutting beneﬁts today, but rather how to
restrain the increases in spending.

TRUTH #10
DEBT
The biggest threat to Social Security,
Medicare, and Medicaid as we know
them is to do nothing at all.

ANY REASONS WE MISSED?
LET US KNOW!
/USChamber
@USChamber
/USChamber
/USChamber

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10 Truths About America's Entitlement Programs

1. 10 TRUTHS ABOUT AMERICA’S ENTITLEMENT PROGRAMS

2. Social Security, Medicare, and Medicaid will cost federal taxpayers $1.9 trillion per year. TRUTH #1

3. Medicare accounts for more than 25% of all federal debt since 2000. TRUTH #2

4. In 10 years, the price for entitlement programs will soar to $ 3.5 trillion. TRUTH #3

5. TRUTH #4 During the next 17 years, 77 million workers will retire.

6. TRUTH #5 Beginning in 2034, Social Security will be unable to pay full benefits. BENEFIT CUT 23%

7. TRUTH #6 The cost to make Social Security and Medicare ﬁnancially solvent for the next 75 years is almost $40 trillion.

8. TRUTH #7 What Washington spends on entitlement programs and interest on our debt exceeds what it collects in federal income taxes. DEBT AND ENTITLEMENTS

9. TRUTH #8 We have nothing to fear from carefully crafted, phased-in adjustments to our entitlement programs.

10. TRUTH #9 No mainstream politician is talking about cutting beneﬁts today, but rather how to restrain the increases in spending.

11. TRUTH #10 DEBT The biggest threat to Social Security, Medicare, and Medicaid as we know them is to do nothing at all.

12. ANY REASONS WE MISSED? LET US KNOW! /USChamber @USChamber /USChamber /USChamber

10 Truths About America's Entitlement Programs

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