Entitlement Spending Is Breaking Our Bank

Most critics of the federal budget get to talking about defense spending first, as it has been on the rise since 2000. But as you can see, we’ve spent more on entitlement programs than defense since 1976.

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Now, we spend twice the amount on entitlement programs than we do on defense.

For every dollar of GDP, we spend 10-cents on Medicare, Medicaid and Social Security.

This situation will only become more exaggerated. As more Baby Boomers qualify for Medicare benefits health care spending will continue to eat up a bigger portion of our economic output each year.

Something has to give. Watch for major changes as policymakers grapple with the best way to pay for the care of our greying population.

If you haven’t done so already read the Survive & Prosper issue on “Your (Non)Share of Entitlement Programs.”

What You Need to Know About the Safe-Asset Slaughter!

You’re not going to believe what’s on the horizon…

The final bubble of the recent financial crisis is about to burst. When it pops – it could be as soon as November 2014 – millions of Americans will be financially devastated… But others will have the opportunity to get much richer.

This controversial video reveals how you can end up on the winning side of the coming carnage…

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Categories: Economy

About Author

Adam O'Dell has one purpose in mind: to find and bring to subscribers investment opportunities that return the maximum profit with the minimum risk. Adam has worked as a Prop Trader for a spot Forex firm. While there, he learned the fundamentals of trading in the world’s largest market. He excelled at trading the volatile currency markets by seeking out low-risk entry points for trades with high profit potential. An MBA graduate and Affiliate Member of the Market Technicians Association, Adam is a lifelong student of the markets. He is editor of our hugely successful trading service, Cycle 9 Alert.