Because the fact of the matter is the primary driver of the US debt is our demographics, something we don't like to say we got old. Today in the 30 years forward, 100% of the growth of debt and our office now is calculating 130, 140 billion during that time particularly we start to calculate in the new interest rate regime that Medicare. And if we backfill Social Security in nine years when the trust fund is gone, it's going to consume every available dollar and you're going to see programs like this that we care about squeezed. (07:33–07:45)
CLAIM
Asserts that debt growth is projected at 130-140 billion, factoring in Medicare and new interest rates.
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