Bankruptcies Are Inevitable for America’s Big Three Entitlement

America’s major entitlement programs, Medicare, Medicaid, and Social Security, face imminent bankruptcy. Consuming $2.7 trillion of the 2023 federal budget, these programs are strained by an aging population and declining birth rates. Medicare’s reserves might deplete by 2031, while Social Security’s could run out by 2033, causing a 23% cut in benefits. The future of these programs is uncertain, and their potential insolvencies threaten to impact millions of Americans.