Entitlements, other "mandatory" spending, and debt servicing costs comprise almost two thirds of the budget. They will continue to go up as our population ages and our national debt increases as we continue to run deficits.
Unless we rein in the welfare state, we will not solve our fiscal problems with spending cuts from the other one-third of the budget.
I’d like to see someone start with why we even need to increase current spending.
Entitlements, other “mandatory” spending, and debt servicing costs comprise almost two thirds of the budget. They will continue to go up as our population ages and our national debt increases as we continue to run deficits.
Unless we rein in the welfare state, we will not solve our fiscal problems with spending cuts from the other one-third of the budget.
good points.
This is what’s missing. We never get a simple detailing of what total spending is, and where it’s occurring.
Instead we get this crisis on parts, and not the big picture which is what all of have to deal with in our daily lives.