Who would have predicted, when they started these programs...
Found this in National Review:
Just three federal programs — Social Security, Medicare, and Medicaid — consume 100 percent of all revenue received by the federal government.
Everything else the government does is paid for with borrowed money. Which is why it's impossible to balance the budget just by cutting military spending, foreign aid, food stamps or anything else outside the Big Three.
Our deficit/debt problem can't be solved without deep--and perhaps painful--entitlement reform. And the longer we wait to admit that fact and get going on it, the worse it is going to be.
No politician wants to commit political suicide by proposing we cut so-called "entitlement spending." George W. Bush tried and got hammered — and no one else in Washington wants to try.
Just three federal programs — Social Security, Medicare, and Medicaid — consume 100 percent of all revenue received by the federal government.
Everything else the government does is paid for with borrowed money. Which is why it's impossible to balance the budget just by cutting military spending, foreign aid, food stamps or anything else outside the Big Three.
Our deficit/debt problem can't be solved without deep--and perhaps painful--entitlement reform. And the longer we wait to admit that fact and get going on it, the worse it is going to be.
No politician wants to commit political suicide by proposing we cut so-called "entitlement spending." George W. Bush tried and got hammered — and no one else in Washington wants to try.
posted by SF at
11:27 PM
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