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  • Government Transfers as a Share of Personal Income Hits 18% [View article]
    Its worth paying special attention to author's observation:

    "Transfer payments for Social Security and health insurance have grown the most over the past few decades."

    This is consistent with an aging population and a healthcare system that provides poor value for dollars spent. These payments will continue to grow . . . 'cuz old people get sick.

    All the griping about "entitlements" misses the point: the baby boom is aging, and their medical care is extremely expensive. This dynamic is demographically inexorable, and its why getting healthcare on a more efficient footing is a national economic priority.
    Jun 30 16:42 pm |Rating: +6 -1
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