Power & Market
Author:
James Anthony
Online Publish Date:
Entitlement spending, which includes administrative spending, totals 19% of GDP : Healthcare spending for the elderly or indigent totals 8.6% of GDP. Retirement income spending totals 6.9% of GDP. Working-age income spending for the indigent totals 3.1% of GDP. In each category, the outcomes are far below optimal. The fatal flaw is that our