Like the case of Rome before it, the Empire is bankrupting America. The true fiscal cost is upwards of $1.0 trillion per year (counting $200 billion for veterans and debt service for wars), but there is no way to pay for it. That’s because the 78-million strong Baby Boom is in the driver’s seat of American politics. It plainly will not permit the $3 trillion per year retirement and health care entitlements-driven Welfare State to be curtailed. The Trumpite/GOP has already sealed that deal by refusing to reform Social Security and Medicare and by proving to be utterly incapable of …read more
Source: Ron Paul Institute
