Huge entitlements + Aging population = Impending budget catastrophe
Now, you can take your pick. Read a short, medium, or long article about the problem:
- Short: The Brookings Institution (from 2006)--Domestic Entitlements and the Federal Budget
- Medium: Concord Coalition--Entitlements
- Long: If you want to wallow in the numbers and really geek out, read this 2005 article from the Heritage Foundation: Entitlement-Driven Long-Term Budget Substantially Worse Than Previously Projected.