Entitlement Explosion
July 31st, 2006 by Brendan SteinhauserJ.T. Young has a great piece today about the future of entitlement spending. It is frightening how much entitlements will consume the federal budget in the future.
It is even more frightening that the government’s share of the economy will increase by 25% in the next 15 years and will almost double in the next 45 years. This should remind us all of the need for the 7.65% plan for retirement security.
The story is here.