Tuesday, February 21, 2012
"NYT: It’s the entitlements, stupid"
This article contains one of those "picture is worth a thousand words" graphs.
If you don't admit the problem after viewing this, you're probably hopelesss...
If you don't admit the problem after viewing this, you're probably hopelesss...
Don Surber has the graph and commentary on his blog:
"Politicians have expanded the safety net without a commensurate increase in revenues, a primary reason for the government’s annual deficits and mushrooming debt. In 2000, federal and state governments spent about 37 cents on the safety net from every dollar they collected in revenue, according to a New York Times analysis. A decade later, after one Medicare expansion, two recessions and three rounds of tax cuts, spending on the safety net consumed nearly 66 cents of every dollar of revenue."
