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

Posted in Fiscal Policy, Interest Rates, Uncategorized | Tagged , , , | 3 Comments

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 , , , , | Leave a comment