Growth In Government Spending "Alarming" Says Sterne Agee Report

A demographic bubble may force tough budget choices if the issue isn’t managed properly well before the whisper problem becomes reality The U.S. budget deficit is expected to decline over the near term but then as revenue trends remain relatively constant, starting in 2016 government spending is set to noticeably increase as Social Security and Medicare obligations hit the books, a new report from Sterne Agee observes. US budget deficit is expected to continue to decline from a current deficit of -$483B as of 2014, to -$467B in 2016, but then in 2016 spending is expected to more than double by the…