Monday, March 7, 2011

It is the entitlement programs and interest payments, Stupid...

That is a play on the words of Pres. Clinton's campaign slogan of 91'. Entitlement programs, primarily Social Security and Medicare, and interest payments on the national debt, will eventually consume ALL of the projected revenues to the Federal Government.  This is NOT including paying for other things, like National Defense and ALL other discretionary spending the Federal Government does.  We are going to need a bigger boat---load of tax money to pay for this.  Notice the year it is projected students---right in your early 30's. The onset of your peak earning years. You better do REAL well, because it is going to be costly..


Source: The Economist
 
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