The real elephant in the room
Yes we know Social Security and Medicare if not reformed .Both are at least mostly funded through the payroll tax
But that what is really a budget buster is the growth of welfare in all it's forms . Since the war on poverty ;welfare pay outs have exploded (medicaid, food stamps, refundable tax credits, Supplemental Security Income, Temporary Assistance for Needy Families, federal housing subsidies and too many other programs to mention . ) It is stunning .
When it started it was averaging $7,352 in inflation adjusted $$$ . Today (sit down for this ) $64,700 This a 780% increase since inception. Now get this . This is almost 10% higher than the increase in American household income.
How does this compare to the rest of the socialist libtard world ? France is considered a generous nation in giving monopoly francs . Indeed they top the list at redistributing GDP at 30.1% . But the US is not far behind . We spend 29.4% of GDP on gimmees.
Expenditure for Social Purposes | Compare your country
If you consider these transfer payments as income and reduce the income of those who work and pay the taxes for these programs ;the average incomes are roughly the same whether someone works or not.
Why would you work then ? Many people have gotten out of the grind and are riding the gravy train. Just look at the prime age labor participation rate.
Since 1965, labor force participation for prime-age men has fallen every year, with a total decline of 8.2 percentage points as of October 2017.
Working harder or finding it harder to work: Demographic trends in annual work hours show an increasingly fractured workforce | Economic Policy Institute (epi.org)
One of the greatest successes of the Bubba-Newt team was work requirements .
"All Americans, without regard to party, know that our welfare system is broken, that it teaches the wrong values, rewards the wrong choices, hurts those it was meant to help,"
Remarks to the National Governors' Association Conference | The American Presidency Project (ucsb.edu)
But those have been scrapped. They should be reinstated asap.