The Perfect Storm -- straight ahead

Did you see The Perfect Storm, George Clooney, Mark Wahlberg, the fetching Diane Lane?

We are approaching the convergence.....must read:

Go Ahead -- You Own It in [Market-Ticker]

...... the Federal Government spent $1,417 billion last fiscal year on Medicare and Medicaid, up from $380 billion in 1998, which incidentally was 37% of all federal spending last year -- and it's accelerating at ~8-9% a year as it has been for the last several decades (with some notable outlying years.)

At this rate it will cross $2,000 billion, or more than half (by a good margin) of the current federal budget within 5 years.  That will blow a $600 billion additional annual deficit hole in the budget into a rising rate environment which the government will not be able to finance.