Wednesday, August 24, 2011

Spending, Not Entitlements, Created Huge Deficit

Byron York, Examiner
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?

Source: http://www.realclearpolitics.com/2011/08/23/spending_not_entitlements_created_huge_deficit_262116.html

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