INSURANCE GROUP USA NEWS

Entitlement Nation

"Gross domestic product" is a measure of the size of the US economy. Though federal taxation (as a percent of GDP) has stayed relatively stable, government spending (as a percent of GDP) has undergone dramatic change, as can be seen in this chart.

The black line traces economic commitment to the armed forces. After peaking in World War II, the commitment plunged, rebounding slightly and briefly for Korea, Vietnam, the late Cold War, and today's Global War on Terrorism. The trend, however, is down. Now look at the red line. It signifies economic emphasis on "payments to individuals" --- entitlements such as Social Security, Medicare, Medicaid, welfare, unemployment insurance, and the like. This entitlements line has enjoyed a long, steady rise. The trend, even today, is up.

In the 1940s, 1950s and 1960s, the defense commitment reigned. The crossover point came in 1971, and entitlements have ruled the 1970s, 1980s, 1990s, and 2000s. Today, defense gets by on about four percent of GDP. By contrast, entitlements take nearly 13 percent.

Follow the money, and the true national priorities become glaringly apparent.



 

 

Insurance Group USA is the Management Group of:
Doerfler Insurance, Alliance Benefit Consultants, Robert Scott & Associates, Hertz & Hertz Insurance Agency,
Turman Insurance Agency, Myron Migliorino Insurance Agency.

Affiliates: Strategic Solutions and Services, LLC and Peak Marketing & Sales, Inc.
 

  HEALTH INSURANCE  I  AUTO INSURANCE  I  LIFE INSURANCE  I  DISABILITY INSURANCE  I  HOMEOWNERS INSURANCE
 BUSINESS INSURANCE 
I  PERSONAL INSURANCE  I  ANIMAL RESCUE

 

Licensed in 14 States
Arizona
I Colorado I Florida I Illinois I Indiana I Iowa I Michigan I Minnesota I Missouri I Nevada I Ohio I Wisconsin
 

  Disclaimer

AUTO & HOMEOWNERS INSURANCE
Doerfler: 708.798.2009

Call Toll-Free: 877.478.7USA

HEALTH & LIFE INSURANCE
Alliance: 708.922.9450

Sitemap

 

� 2007-2008 Insurance Group USA Management Group, LLC, All rights reserved.
Site Designed by J. Murray & Associates