Tuesday, August 23, 2011

Spending, not entitlements, created huge deficit

Spending, not entitlements, created huge deficit

It's conventional wisdom in Washington to blame the federal government's dire financial outlook on runaway entitlement spending. Unless we rein in Social Security, Medicare and Medicaid, the conventional wisdom goes, the federal government is headed for disaster.

That's true in the long run. But what is causing massive deficits now? Is it the same entitlements that threaten the future?

WASHINGTON EXAMINER

EARTHQUAKE, HURRICAINE AND A DISASTER IN THE MAKING. TOO MANY OMENS FOR ONE DAY!


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