Frontline: US entitlement programs unsustainable APRIL 2010

In a Frontline documentary, correspondent Forrest Sawyer investigates the governments huge entitlement programs, social security, medicare, and medicaid.

These programs show in the second graph, will engulf all of the governments spending. Remember that the graph does not include, interest payments on government debt, defense spending nor education.

Looking at this projected graph, where do you think gold prices will be when the US government cannot borrow the money to fund these entitlements, and it has to resort to printing money to offset these growing deficits?

Even if all government programs are cut (except social security, medicare and Medicaid), and we raise taxes to 45%, there would still not be enough money to pay for all three programs.

Category:

Education

Tags:

• entitlement
• gold
• inflation
• wealth
• debt
• social security
• medicare
• medicaid

[videolover61]

@Hendo1974

Yep...total collapse of the system coming in 2011-2012...

[Hendo1974]

Total collapse of the system by design!