Wednesday, October 26, 2005

The Core Rate - Fact or Fiction?

The Core Rate
By Jim Puplava, Storm Watch Update, June 24, 2005

Source:

http://financialsense.com/stormwatch/2005/0624.html



Washington, We Have A Problem

The caller was smart enough to know something changed and he was right. In the early 90’s the government realized it had a problem with rising entitlement costs for Social Security, Medicare, and government pensions. These entitlement payments were indexed by the inflation rate each year. With inflation on the rise it meant these costs were rising faster, thus making government deficits much worse. In order to bring the government deficits under control, it would be necessary to bring rising entitlement costs down.
[snip]

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