Its even worse:
-- Social Security & Medicare face an $82 trillion cash deficit over next 30 years.
--By 2047, they would take in 5.9% of GDP and cost 16.3% of GDP.
--Stabilizing the debt without reforming these two programs would require eventual 34% VAT or 33% Payroll Tax. https://t.co/7b5GkvIvOW

— Brian Riedl (@Brian_Riedl) June 5, 2018