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The US Federal government is spending at a fast and furious rate. US Federal Spending is rising at a staggering $428,253,120 per day while US Federal TAX Revenue is only rising at $129,857,760 per day. That is almost a ratio of 2x tax revenue.
Meanwhile, US public debt is skyrocketing.
While the Federal government further indebts citizens, the US personal savings rate in declining at a rate of 24% YoY.
Then we have the underfunded pension funds of American, both private and public. Public pension funds earned a dismal 0.6% in 2016
According to the Center for Retirement Research at Boston College. public pension funds are also underfunded at 67.9% as of 2016.
Rotten returns coupled with chronic underfunding. Add to this problem runaway Federal spending and public debt and Houston, we have a problem.