https://fiscal.treasury.gov/files/re...ts/mts0519.pdf
186 billion for Medicare and Social Security in a month when there are still many tens of millions of boomers that will retire.
Debt, debt, debt and more debt. Interesting how the massive amount of debt doesn't matter until it does. Wonder if it will sneak up similar to a heart attack, where with-in a short period of time it all comes to fruition and system falls apart.
Looks like the country is in no position to expand current social programs.
Last time, less than half of the baby boomers are even Medicare age, which means that in the next decade spending on entitlements will skyrocket.
Odd, how the federal debt increases far more than GDP growth also. This economic bubble is sort of a sham propped up by monetizing the debt and government spending.
There really isn't anything organic about the current economic "boom".
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
