Industrial Insight

Taxes won’t keep up… | December 22, 2011

http://www.theatlantic.com/business/archive/2011/12/the-most-important-graphs-of-2011/250240/#slide19

“As this graph shows, under average historical levels of revenue, Medicare, Medicaid, and Social Security will consume all tax revenues by 2049. We must reform these entitlement programs now to make them fiscally sustainable and to ensure that seniors are protected from poverty, without burying younger generations under insurmountable levels of debt.” — Romina Boccia, Research Coordinator, Thomas A. Roe Institute for Economic Policy Studies