Make no mistake about this, the more we spend on programs that do nothing but support individuals in their currently status of dependency, instead of building ways to make dependent individuals able to support them selves, will eat the heart out of our country and not help the intended. These failed programs will only increase the dependency population.
History has been a good teacher showing just how disastrous 'something for nothing' is, but congress seems to have been absent from class when they passed the education bill for 169 billion in new spending and created 50 new programs.
What will it take to find someone that has some common sense? Why do we seem to never learn anything from failed ideas?
Again, the Heritage Foundation is on top of the problem - hopefully someone will listen.
keep the faith by voting out the craziness in congress, the battle is only beginning.
How much do entitlements cost?
How much taxpayer money does the government spend each year on entitlement programs?
Social Security, Medicare and Medicaid alone cost $1.24 trillion (that’s $1,240,000,000,000) every year. And this number is spiraling upwards out of control.
Heritage Foundation experts have put this in perspective. They report that our spending on these three programs is equivalent to the entire Canadian economy-the 13th largest in the world.
If congress doesn't do anything to stop this growth in entitlements it will eat up the entire budget in the next 45 years leaving nothing for defense, education or anything else. (see graph)
They also produced a new “a la chart” graphic, which they sent to newspaper and magazine editors around the country to help get the word out about our runaway spending problem.
Unfortunately, liberals in Congress oppose attempts to curb even the growth of this massive spending.
Heritage budget expert Brian Riedl warns that “the coming entitlement spending tsunami is not going away. Every year of delay raises the eventual cost of reform by trillions of dollars. This is unconscionable. When the bill comes due, taxpayers will demand to know why Congress shirked their duty to confront this issue.”
Tuesday, July 29, 2008
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