Going for Broke

Originally posted June 16, 2015.

America has a big problem—our country’s growing national debt.

Social Security, Medicare, and Medicaid alone account for roughly half of federal spending today, a portion that will only grow larger in the future and increase more rapidly with the government’s newest entitlement program — Obamacare. The simple truth is that there is no way to address America’s debt problem without reforming entitlements.

Politicians from both parties are loath to address or even talk seriously about reforming these entitlement programs. But in his latest book, the Cato Institute’s Michael Tanner offers detailed, critical analysis of this growing problem and provides sensible solutions for real reform. To understand the magnitude this crisis has on the U.S. economy, read Michael’s Going for Broke: Deficits, Debt, and the Entitlement Crisis.

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Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga.