You Think The Deficit Is Bad? Federal Unfunded Liabilities Exceed $127 Trillion

You Think The Deficit Is Bad? Federal Unfunded Liabilities Exceed $127 Trillion - Forbes:

...The federal unfunded liabilities are catastrophic for future taxpayers and economic growth.
At usdebtclock.org, federal unfunded liabilities are estimated at near $127 trillion, which is roughly $1.1 million per taxpayer and nearly double 2012’s total world output.
...The authors’ state, “today there are about 4 payees for every 1 beneficiary, but by the year 2030 there will only be 2 payees for every 1 beneficiary.
Simple arithmetic will note that this is not sustainable over the long run.”
To understand the magnitude of this problem, the authors note one solution that includes all the following: 
“raise income taxes by 17 percent, 
raise payroll taxes by 24 percent, 
cut federal purchases by 26 percent, and 
cut Social Security and Medicare benefits by 11 percent...”