Bill for taxpayers swells by trillions

[jon1856]

Bill for taxpayers swells by trillions
Deficit far bigger than government estimate
By Dennis Cauchon
USA TODAY
The federal government's long-term financial obligations grew by $2.5 trillion last year, a reflection of the mushrooming cost of Medicare and Social Security benefits as more baby boomers reach retirement.
That's double the red ink of a year earlier.
Taxpayers are on the hook for a record $57.3 trillion in federal liabilities to cover the lifetime benefits of everyone eligible for Medicare, Social Security and other government programs, a USA TODAY analysis found. That's nearly $500,000 per household.....
http://www.usatoday.com/printedition...lede19.art.htm
http://www.usatoday.com/printedition...terstitialskip