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Why might we worry that given current trends, Medicare and Social Security may bankrupt the nation? Group of answer choices If bankrupt, the federal government
Why might we worry that given current trends, Medicare and Social Security may bankrupt the nation? Group of answer choices If bankrupt, the federal government will stop paying its debts to investors and meeting its obligations to its citizens. In order to meet rising costs, the federal government is reducing social benefits like food stamps and unemployment insurance, causing great financial stress to middle income families. If forced into bankruptcy, the United States will be humiliated internationally and lose its ability to impose indirect taxes. Projected costs for Medicare and Social Security will lead to a dramatic increase in the share of the budget spent on these programs, which will be unsustainable without tax increases or benefit cuts
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