Debtocracy: As a president, it's one thing to know you have a big fiscal problem. It's quite another when a panel you appointed tells you the policies you have in mind will only make things worse.
You can read all about it here.
By some estimates, total U.S. commitments for entitlements total $107 trillion over the next 75 years or so. That's an unpaid tax bill of $912,000 per household, or $351,000 for each child born today.