The ignorance is amazing, why does many here ignore the looming budget breaking entitlements?
Forbes
Entitlements Threaten The Entire Federal Budget
Feb 9, 2018,
Milton Ezrati
Excerpt:
Much debate on tax reform focuses on implications for the government’s budget deficit. The pro-reform side of the dispute claims that the new law will promote enough additional economic growth to narrow the budget shortfall. The con side claims that tax cuts will so diminish federal revenues that the budget will soon face a painful day of reckoning. Without judging the accuracy of either forecast, such questions are small beer in the budget outlook.
The big questions on Washington’s finances lie elsewhere --with entitlements spending, which continues to outgrow everything else Washington does and, worse, remains on autopilot. Next to this matter, everything else, including the contrary claims of the tax-reform debate, operates on the margins of the issue.
Budget realities are stark. Entitlements --- Social Security plus Medicaid and Medicare plus unemployment insurance and, for the time being, Obamacare --- already absorb 70% of all federal spending. These budget items grow automatically and do not even come up in Congress’ annual appropriations process. What is more, their rapid growth threatens to take over the rest of the budget.
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Democrats CREATED this problem, since they are the ones who generated "Social Security plus Medicaid and Medicare plus unemployment insurance and, for the time being, Obamacare.." and that is INCREASING over time, the Republican part of the spending process is getting SMALLER over time.