News

GAO says federal trust fund bankruptcy crisis extends far beyond Social Security and Medicare

Mark Tapscott  |  January 27, 2020

By Mark Tapscott, includes “A new report contains blunt warning signs of an approaching fiscal crisis in federal trust funds … But the problems underlying the trust fund crisis are even more basic than insufficient assets to cover promised payments, according to a spokesman for a Chicago-based group that is highly critical of federal accounting practices. … Such practices, he added, ‘have helped to anesthetize the public and our representatives in Washington.’ …”

Read the full article on: The Epoch Times

 
 
comments powered by Disqus