The $53 trillion asteroid
March 27th, 2008 | Published in Current Events, Economics, Politics
Glenn Beck talks about the $52 trillion economic asteroid that might come our way in 2019 — that is, the asteroid of Social Security and Medicare. That would be “an IOU of around $455,000 per American household.” According to the U.S. Treasury Secretary, “without change, rising costs will drive government spending to unprecedented levels, consume nearly all projected federal revenues, and threaten America’s future prosperity.”