Growth in Gubmnt

I strongly recommend that you get on the mailing list of the Dallas Fed. A recent article in Southwest Economy about social security and medicare - no free lunch - points out that continually rising costs of these programmes are likely to account for most of the projected growth in gubmnt spending in the U.S. What is really astounding is the projected share of GDP that will be taken up by (non-interest!) gubmnt spending by the year 2050.