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Where Is The Money To Pay For Your CSRS Or FERS Retirement Annuity?
By MyFederalRetirement
Posted: 06-02-2009
Leap in U.S. debt hits taxpayers with 12% more red ink
By Dennis Cauchon, USA TODAY
Taxpayers are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises, a USA TODAY analysis shows.
The 12% rise in red ink in 2008 stems from an explosion of federal borrowing during the recession, plus an aging population driving up the costs of Medicare and Social Security.
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Where Is The Money To Pay For Your CSRS Or FERS Retirement Annuity?
