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How Does The Government Actually Spend Your Money?
The government has two types of spending: mandatory and non-discretionary. Mandatory spending includes things like social security, medicare, military pay, and interest on debt, and must always be paid. Non-discretionary spending includes things like defense, education, and energy departments, and can be cut if necessary to ensure mandatory spending is covered.
Watch more of this short video from Market SELL Signals Starting To Get Triggered. Time to Exit? | Lance Roberts & Adam Taggart.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.
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