For the Federal Government’s long-term projections show a radical change over
the next 40 years, with Federal spending soaring close to 40% of GDP or more.
This is due to our nation’s big entitlement programs – Social Security, Medicaid
and Medicare. Counting state and local spending, total government spending in
the U.S. would be over 50% of GDP.
The entitlement programs in our country are going to bankrupt us, and soon if they aren't dealt with. But Weyrich points out a possible solution and it's worth reading about.
Check it out here.
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