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"Entitlements are squeezing out public investments. In 1962, spending on investments was two and a half times that of entitlements. But today, as a result of this Great Inversion, entitlement spending is three times that of investments. And this trend will only accelerate in time as the Baby Boomers retire and their benefits grow faster than inflation and wages."
http://conversableeconomist.blogspot...tment-and.html |
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#6 |
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That money will be circulated through the economy; which creates jobs and generates taxes. Poor people and the needy will have oppurtunity to work those jobs created. The taxes that are generated from those jobs can fund programs for the needy. |
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#9 |
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Catalonia, Spain's most indebted region, said Tuesday it could not pay subsidies in July to hospitals, old age homes and other social services already reeling from sharp budget cuts. http://news.xin.msn.com/en/business/...ice-payments-2
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#10 |
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