Milking a Dry Cow
Seeking Alpha Analyst Since 2010
In The Wall Street Journal by Sara Murray (Obstacle to Deficient Cutting: A Nation on Entitlements), Sept. 15, 2010 ({FP} pg. A1\6). A record number of Americans are receiving some form of financial assistance at a time when the government is struggling with a $1.26 trillion deficit, the second biggest on record. Opinion polls show that while Americans are concerned about the rising deficit they are opposed to benefit cuts. Many European countries are facing the same deficit hurdles and are beginning to make cuts to entitlement programs. The biggest concern to U.S. government officials is that the number of individuals on Medicare is expected to double over the 20 years as the baby-boom generation retires. (Charlene A. Mueller-Holden, Paul Hester, wsjreview).
Disclosure: no position
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.