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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Tag Archives: Medicare
Social Security In Deficit = More Public Treasury Borrowing
Summary Largely ignored by the markets, Social Security moved into structural deficit this year Social Security has been running primary deficits since the GFC; that is financing itself by the interest earned on Treasury securities The government will no longer … Continue reading
It’s Health Care, Stupid!
Great chart from the CBO on where the runaway spending will take place in future U.S. federal budgets. It’s mostly all health care due to an aging population. We sense the next “Big, Big Thing” is going to come in … Continue reading
Posted in Economics, Fiscal Policy
Tagged Fiscal Cliff, Health Care, John Sculley, Medicare, Mobile Medicine
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