What is the Proper Cost?


Entitlements are driving the cost now and will soon dominate:


Ann Coulter on the costs and liberals:


 With the country drowning in debt and Medicare and Social Security on high-speed bullet trains to bankruptcy, the entire Democratic Party refuses to acknowledge mathematical facts. Instead, they incite the Democratic mob to hate Republicans by accusing them of wanting to kill old people.


According to a 2009 report — before Obama added another $5 trillion to the national debt — Obama’s own treasury secretary, Tim Geithner, stated that in less than 10 years, spending on major entitlement programs, plus interest payments on the national debt, would consume 92 cents of every dollar in federal revenue.


That means no money for an army, a navy, rockets, national parks, food inspectors, air traffic controllers, highways, and so on. Basically, the entire federal budget will be required just to pay for Medicare, Medicaid and Social Security — and the cost of borrowing money to pay for these programs.




The video at right raises good points about the size of the government spending and what will come of it.


The Background


So what do you think about this issue?