Part two of a two-part series. Spending on entitlements is mandatory, but paying for them is often pushed into the future. In spite of all the tax revenue used to…
Federal Help Often Hurts
Part one of a two-part series. Federal entitlement programs, which are created to address social issues, often make matters worse. They also cost more than initially projected and they are…
Why the U.S. Is Broke: Part Three
So why do we have so much debt? The federal budget can help answer that question. The largest items in the federal budget are Medicare and Medicaid, which account for…
“Single Payer” Means Everyone Pays
In our most recent post, we discussed the Green New Deal. Now we’ll discuss another Congressional proposal that could have a dramatic impact on our economy and markets – Medicare…
“Single Payer” Means We All Pay
There is no such thing as single-payer healthcare. It’s really healthcare that everyone pays for. The federal government would be the “single payer,” but of course it’s taxpayers who fund…
Entitlements Are Bankrupting America
Since the end of World War II, federal tax revenue has grown 15% faster than national income. Federal spending, though, has grown 50% faster. These two statistics should scare all…
More Than $1 Million per Taxpayer Owed – and Climbing
It seemed tragic back in October 1981 when the federal debt reached $1 trillion. How would we ever pay back $1 trillion? The real tragedy, though, is what’s happened since…
Medicare Is Already Broke
Last week we noted that the Social Security system is going broke. Medicare, though, which provides for the health of America’s seniors is already broke. With 77 million baby boomers…
Boomer Budget Busters
In 1950, there were 16 workers to support each Social Security beneficiary. Today, only 3.3 workers are supporting payments for each retiree …