Tuesday, September 4, 2012

America's Entitlement Programs are Unsustainable

The Wall Street Journal: Are Entitlements Corrupting Us? Yes:
What is monumentally new about the American state today is the vast empire of entitlement payments that it protects, manages and finances. Within living memory, the federal government has become an entitlements machine. As a day-to-day operation, it devotes more attention and resources to the public transfer of money, goods and services to individual citizens than to any other objective, spending more than for all other ends combined.
Obviously, this can't continue forever.

You'll find additional graphs and commentary in the original article at the WSJ, so read the whole thing.

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