The Budget Problem Washington Dare Not Mention

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It’s the unfunded future obligations under Social Security, Medicare and other entitlements that make the national debt $122 trillion, not the officially cited figure of $23 trillion.

The Committee for a Responsible Federal Budget (CRFB) had an otherwise-excellent summit on the budget Tuesday that featured Senate Budget Committee Chairman Mike Enzi (R-WY), Sen. James Lankford (R-OK) and Sen. Sheldon Whitehosue (D-RI), plus key Senate and House budget panel staffers going back to 1985.

But nobody said anything about that $122 trillion monster lurking in the “out years” that won’t be out sooner than anybody thinks.

h/t Mark

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