Government Debt and Spending
Federal spending structure: Approximately two-thirds of federal spending (Social Security, Medicare, Medicaid) operates on autopilot and is not subject to annual congressional discretion. Of the remaining discretionary stakeawayEntitlement deadlines: Social Security faces a projected insolvency deadline in 2033 and Medicare in 2031. Waiting until these deadlines leaves only two options: tax increases on working Americans or further deficit finatakeaway
