Entitlements represent one of the largest and fastest-growing portions of the federal budget. They show that the bulk of it does not go to the poor. The majority of the elderly are not needy and dependent. Entitlement programs, not defense spending, consume the largest share of the federal budget.

I: Posterity in Danger; 1: The Imperiled American Dream; 2: The Myths of Entitlements; 3: A Fiscal Nightmare; II: The Forces Driving the Projections; 4: Driving the Projections: An Aging Society; 5: Driving the Projections: Health-Care Hyperinflation; 6: Driving the Projections: Indexing; III: From Complacency to Reform; 7: Social Security: The End of the Chain Letter; 8: The Federal Pension Bonanza; 9: Health-Care Policy: Facing the Painful Trade-Offs; Conclusion; 10: The Failure of the Libertarian Welfare State