>New charts to explain entitlement spending problem

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Perotcharts.com has another easy-to-understand presentation on our nation’s entitlement spending problem.

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I'm an engineer and father interested in transit, parking and economics.
This entry was posted in budget, economics, government, health care, learning, politics, social security, spending. Bookmark the permalink.

4 Responses to >New charts to explain entitlement spending problem

  1. Mark says:

    >Do you really believe that people don’t understand that entitlement spending is the problem? Or is it that they just don’t care; they just want to maximize the free handouts that they gets, even if that hurts everyone else?

  2. Michael says:

    >The way people talk about Social Security being “bankrupt” bothers me, because the bankruptcy model is not really the way increasing costs is going to play out. Bankruptcy implies that everything will run along fine until the system has no money, and then it will end. There won’t be an effect on anything else until the “magic date”.What’s more likely to happen if we don’t change anything is that the system will use more and more tax revenues, steadily crowding out other needed government services. The program basically does this silently, without any explicit visibility of what’s happening. Unfortunately, the law doesn’t require anything to be done until the trust fund is exhausted, and that happens many decades in the future.I spoke with my congressman in person about the deficit and long term fiscal responsibility. He told me that we needed to end the War in Iraq.Most people think that if you end the war in Iraq, and cut pork and welfare, we’d have a balanced budget. It’s not true.

  3. Mark says:

    >Do you think your congressman is actually stupid/incompetent? Or do you think he just lies to people because he knows that old voters will continue to vote themselves the treasury (and he’s hoping he’ll be dead before the system collapses), and if he admits that entitlement spending is going to break the government, old people won’t vote for him anymore?

  4. Michael says:

    >I think that politicians talk honestly about entitlements at their own peril. There is not a solution to the problem that doesn’t involve pain, either through benefit cuts or tax increases. Both are unpopular and the problem has not risen to the level of a crisis. My fear is that rather than a specific crisis, we’re just going to suffer a long slow decline in living standards due to increasing debt.My congressman has a job to do, and part of that job is getting reelected so he can continue the job. It may not reflect stupidity or ignorance, it may be that perfect honesty results in him losing his job to be replaced by a different person that’s going to hide the truth.In that way, I think that both the politicians and the electorate are at fault. Politicians that tell the truth are quickly replaced by ones that tell the electorate they can have it all.

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