[Encannavalf]

"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

[Yyaqyped]

at one time provided for, at least in part until the government saw fit to appropriate those investments and create the momentary fiction of a balanced budget.

[Faungarne]

I don't get it. Baby Boomers have huge amounts of money put back for retirement. Why isn't that counted. Those aren't entitlements.
That money will be circulated throughout the economy.

[mealiusarses]

Social Security, Medicare, Pensions, etc, are going to push out all of those little social programs that Democrats love.

We'll be spending all of our revenue on a relatively rich group of people, while defunding and eliminating programs for the poor and needy.

[lammaredder]

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.

[oxixernibioge]

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.

No. We won't even have enough to pay all of the entitlements and pensions, in the first place, much less have any left over.

[Aleenkagirlla]

No. We won't even have enough to pay all of the entitlements and pensions, in the first place, much less have any left over.

We won't know until we get there. Economic forecasting is never accurate.

[sportlife]

We won't know until we get there. Economic forecasting is never accurate.

It's pretty hard to get this one wrong. The numbers are so obscenely huge that there is no way to expect that we'll be able to make these payments...

And anyhow, we are there, now. It's already happening.

[GlictStiply]

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

[posimoka]

I'm ready for Austerity...Bring It On

http://downloadpolitics.com/showthre...H-TAX-CUTS-DIE

[pfcwlkxav]

I'VE BEEN THERE ALL MY LIFE.