On Borrowed Time: How the Growth in Entitlement Spending Threatens America's Future
Entitlements represent one of the largest and fastest-growing portions of the federal budget. They are regarded as sacrosanct by lawmakers, yet many people see them as one of the greatest threats to the American Dream. On Borrowed Time argues that by sacrificing the future in order to pay ever-larger federal benefits through programs such as Social Security, Medicare, and federal pensions, entitlement spending has become a crushing burden to American workers.
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The Imperiled American Dream
The Myths of Entitlements
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50 percent actuarial age-groups Americans annual assumptions average Baby Boom beneficiaries benefit levels billion capita cash benefits civil service COLA Congress Consumer Price Index consumption copayments course coverage CSRS decades decline deficits demographic disabled doctors dollars early economic employees entitlement programs expect families federal budget federal spending fee-for-service fertility rate Figure financing fiscal year 1986 future growing health-care costs health-care spending higher hikes HMOs hospital households income increase indexing industrial countries inflation investment long-term means-tested Medicaid Medicare medigap military retirement non-means-tested nonelderly nursing home OASDI OASI official outlays patients payments payroll taxes percent of GNP percent of payroll pessimistic physicians political population poverty poverty line private-sector projections providers receive reform revenue rise savings scenario II-B sector share Social Security Social Security Administration Social Security's stagflation Supplemental Security Income tax rates taxable trend trust funds workers