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Is the federal government running out of fiscal lifelines to sustain the very entitlement programs millions of Americans depend on?

Is the federal government running out of fiscal lifelines to sustain the very entitlement programs millions of Americans depend on?

Newell Normand · Audacy

March 31, 202622m 54s

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Show Notes

The federal government is running out of fiscal lifelines to sustain the very entitlement programs millions of Americans depend on. Like a high-stakes game with no remaining safety nets, Social Security and Medicare are projected to fall $88.2 trillion short of the funding needed to pay full benefits over the next 75 years under current policy, according to the Fiscal Year 2025 Financial Report of the United States Government. Over the longer term, unfunded obligations reach a staggering $193.6 trillion. Jeremy Portnoy, an investigative journalist for OpenTheBooks.com, who took a deep dive into the Fiscal Year 2025 Finals Report of the United States Government, joins Newell to talk about it.

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