Max, I think I can do you one better (well, worse actually). Try this report from the National Center for Policy Analysis:
"The 2008 Social Security and Medicare Trustees Reports show the combined unfunded liability of these two programs has reached $101.7 trillion in today’s dollars! That is more than seven times the size of the U.S. economy and 10 times the size of the outstanding national debt."
It’s amazing to me that folks on the left actually continue to proclaim these programs to be shining examples of success.
"The CBO also found that if federal income tax rates are adjusted to allow the government to continue its current level of activity and balance the budget:
The lowest marginal tax bracket of 10 percent would have to rise to 26 percent.
The 25 percent marginal tax bracket would increase to 66 percent.
The current highest marginal tax bracket (35 percent) would have to rise to 92 percent!
Additionally, the top corporate income tax rate of 35 percent would have to increase to 92 percent."
If these estimates are even remotely accurate, the future looks grim indeed.
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