The $88 Trillion Unfunded Entitlement Obligation Washington Keeps Ignoring

Romina Boccia

Each year, the Treasury Department quietly publishes the Financial Report of the United States Government, a comprehensive assessment of America’s long-term financial trajectory. Unlike the Congressional Budget Office, which focuses on 10-year and 30-year economic and budget projections, the Financial Report evaluates the government’s long-term unfunded obligations.

The latest report shows that over the next 75 years, the federal government faces a $79.6 trillion...