The economy is hot because we are spending like there is no tomorrow. It is a classic example of kicking the can down the road rather than taking on the hard allocation choices.
What needS fixing?
- Social security so it will continue past 2034 AARP
- Medicare so it will continue past 2026 USA Today
- The deficit that is expected to be $1 trillion this year CBO
- The accumulated debt that will exceed $20 trillion this year Market Watch
- Infrastructure rebuilding estimated to cost $4.6 trillion Money.CNN