Government ‘Can’t Continue To Exist’ With This ‘Irresponsible’ Federal Spending, Boehner Says

December 17, 2009 - 8:04 PM
While Congress has voted to raise the national debt ceiling to $12.4 trillion, the Government Accountability Office (GAO) has reported that the federal government's unfunded liabilities – the costs of promised benefits through Social Security, Medicare, Medicaid, and several other programs – total $62.9 trillion in today's dollars.