The U.S. federal government's largest unfunded liability is

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Social Security is the largest unfunded liability for the U.S. federal government. This is due to the fact that the Social Security system is currently paying out more in benefits than it is receiving in payroll taxes. This imbalance is projected to continue, and the trust fund that supports Social Security is expected to be exhausted by 2035. This means that without changes to the system, future retirees may not receive their full benefits.

The U.S. Federal Government's Largest Unfunded Liability Is