America's coming financial disaster and it's Demographic time bomb

Federal spending is planned to rise to around $6tn by 2023 (from $3.6tn now).
Well over $2tn of this expected increase in spending is planned to come from the following 3 items (in almost equal amounts) :-

Debt interest payments
Social Security
Healthcare spending

The deficit in 2023 will be over $3tn.
The National Debt will be $40tn+ or 250% of GDP.

The Social Security trust fund does not have any real money in it.
It only has government IOU's.
IOU's that are set to lose more than half their value in the next few years.
The IOU's are called non tradeable US Treasuries.
http://www.pewresearch.org/fact-tank/2013/10/09/5-facts-about-the-national-debt-what-you-should-know/

I am not in favor of either the GOP or Obama's plans to render Social Security payments almost worthless over the next several years.

The way to sort out the government's pending financial disaster, Social Security and Medicare funding, is detailed at the bottom of this.
Start by cutting $1.3tn of annual Corporate Welfare.

http://ian56.blogspot.com/2013/10/all-of-policies-of-federal-government.html

Things will get much worse after 2023 - due to demographics.
There will be far fewer people of working age that will be paying into the SS fund to pay the large increase in the number of seniors.

The Demographic time bomb that is just starting to hit every developed country (and China) - the problem will get really severe after about 2020.
http://ian56.blogspot.com/2012/10/the-fall-of-rome-was-due-to-unfunded.html