Perfect storm of tax increases coming. Massive tax increases will be needed before long. (generations, Baby Boomers)

[lovecrowds]

$5 trillion in unfunded pension liabilties

Pension Tracker

Huge numbers of baby boomers set to retire

https://www.cbo.gov/publication/52298

Medicaid births surging, Peak Millennial birth year was 1990 and people tend to have kids in their late 20s to late 30s these days.

http://www.cnsnews.com/news/article/...-born-medicaid

Lots of babies about to be born and in 24 states majority are Medicaid births, massive unfunded pension liabilities coming and also a massive surge in baby boomers retiring.

[greywar]

Mostly to pay for things spent by prior generations who did not want to pay for them.

Turns out that spending a lot, and not taxing enough eventually comes due.