Article Image
News Link • Economy - Economics USA

Entitlements: The "Most Predictable Economic Crisis in History"

• https://fee.org, by Daniel J. Mitchell

Writing about federal spending last week, I shared five charts illustrating how the process works and what's causing America's fiscal problems.

Most importantly, I showed that the ever-increasing burden of federal spending is almost entirely the result of domestic spending increasing much faster than what would be needed to keep pace with inflation.

And when I further sliced and diced the numbers, I showed that outlays for entitlements (programs such as Social SecurityMedicareMedicaid, and Obamacare) were the real problem.

Let's elaborate.

John Cogan, writing for the Wall Street Journalsummarizes our current predicament.

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


thelibertyadvisor.com/declare