How much do entitlements cost?
How much taxpayer money does the government spend each year on entitlement programs?
Social Security, Medicare and Medicaid alone cost $1.24 trillion (that’s $1,240,000,000,000) every year. And this number is spiraling upwards out of control.
Heritage Foundation experts have put this in perspective. They report that our spending on these three programs is equivalent to the entire Canadian economy—the 13th largest in the world.
They also produced a new “a la chart” graphic, which they sent to newspaper and magazine editors around the country to help get the word out about our runaway spending problem.
#031 - A nation of entitlements - July 21, 2008
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