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-- $13.9 trillion for Social Security;
-- $18.4 trillion for prescription drugs; and
-- $73.3 trillion for Medicare/Medicaid for a total of nearly $105.7 trillion.
Primarily through health care cost cuts, Obama pledged in his first year to begin controlling these unsustainable obligations.
The Congressional Budget Office (CBO) and Other Recent Reports Highlight the Problem
The CBO's June 2009 "Long-Term Budget Outlook" projects future budget deficit and national debt estimates.
Both suggest future economic decline, eventual hyperinflation, and deep erosion of personal savings. Already the national debt is more than during the Great Depression, and it's fast heading for surpassing WW II. According to the report, this burden will:
-- "reduce national saving;"
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