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News Link • Economy - Economics USA

Entitlements: The "Most Predictable Economic Crisis in History"

•, 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.

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