In my last column, I discussed my recent lunch with Republican Senator Mike Lee of Utah – and our dispiriting discussion about the nation’s looming entitlement crisis. A whopping two-thirds of total federal spending today is two things: entitlements and interest on the debt.
With healthcare costs rising – and the Fed intent on “normalizing” interest rates – this is not good.
I’ll leave the interest rate discussion for another day. For now, let’s take a sober look at entitlement spending, starting with a few undisputed facts… Healthcare’s share of GDP hit 17.8% last year, according to a new report from […]
Full Post at www.investmentu.com