New Mission, New Website coming soon! Learn more now.

Equities logo
Search
Close this search box.

These 2 Charts Show Why Aging is Greatest Threat to US Budget and Deficits

Is there a solution?
Patrick Cox has lived deep inside the world of technology breakthroughs for the past 30 years. He has written over 200 editorials for USA Today and has appeared in the Wall Street Journal and on CNN's Crossfire television program. In the late 1980s, he edited and published one of the first industry-insider software magazines, writing about topics like open-source and user-supported software long before those ideas were widely understood. Later, he wrote presentations and speeches for the CEO of Netscape. His consulting work has taken him to Fortune 500 boardrooms and inside the war rooms of national political candidates. His 100% unbiased and independent research is based solely on his investigations in transformational wealth-building companies and close consultation with Nobel Prize-winning economists and scientists.
Patrick Cox has lived deep inside the world of technology breakthroughs for the past 30 years. He has written over 200 editorials for USA Today and has appeared in the Wall Street Journal and on CNN's Crossfire television program. In the late 1980s, he edited and published one of the first industry-insider software magazines, writing about topics like open-source and user-supported software long before those ideas were widely understood. Later, he wrote presentations and speeches for the CEO of Netscape. His consulting work has taken him to Fortune 500 boardrooms and inside the war rooms of national political candidates. His 100% unbiased and independent research is based solely on his investigations in transformational wealth-building companies and close consultation with Nobel Prize-winning economists and scientists.

In its 2017 “Long-Term Budget Outlook,” The Congressional Budget Office (CBO) paints a dire picture of US deficits and debt. It shows that the largest single contributing factor to our rising debt and deficits is aging.

In this and previous budget outlooks, the CBO has made it clear that the only part of the budget that is growing in proportion to the total is spending on the aged, particularly for their medical costs.

Can’t Borrow Our Way to Good Healthcare

The CBO includes a warning in the opening section of the report. It says that, “The amount of debt that is projected … [will] increase the likelihood of a fiscal crisis, an occurrence in which investors become unwilling to finance a government’s borrowing unless they are compensated with very high interest rates.”

Source: CBO

In other words, things get so bad that it is no longer possible for the US government to borrow enough to maintain current spending. As Alan Greenspan has said, this problem cannot be solved via traditional economic policies, because it’s about aging.

For this reason, anti-aging therapies already in labs but stifled by government regulation will be allowed onto the market to reduce the healthcare costs associated with aging.

Stay in the Loop on Life-Extending Research with Patrick Cox’s Tech Digest

This weekly newsletter by biotech expert Patrick Cox highlights research that is much more advanced than most people know, and the profit potential for investors is vast. Read about the latest breakthroughs—from new, non-invasive cancer treatments to age-reversing nutraceuticals and vaccines that kill any virus–as well as the innovative companies that work on them. Get Tech Digest free in your inbox every Monday.