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Two months ago, the House adopted a budget resolution that outlines the Republican majority's ambitious plans to slow the growth of federal entitlement spending. If implemented properly, entitlement spending restraint can address the long-term fiscal imbalance in a way that promotes economic growth and freedom.
The primary drivers of our growing debt burden are the “Big 3” entitlements of Social Security, Medicare and Medicaid. Yet as part of the debt ceiling deal that created sequestration when the Super Committee failed, politicians effectively fenced off nearly two-thirds of the federal budget and the main source of our over-spending.
Some of society's most intractable problems come not from its failures but from its successes. Often you can't get a good thing without paying a bad price. A prime example is our public old-age pension system Social Security.
The same money can't be spent twice. ObamaCare tries to do precisely that, and the government will have to borrow the difference.
Only in Washington would it seem novel that stakeholders should have a reason to care if taxpayers' health dollars are well spent.
Ballooning costs for Social Security, Medicare, and Medicaid are leading the United States toward fiscal crisis.
Spending is driving the United States' fiscal gap, and the country's long-term budget challenge can be summarized in one word: entitlements.
Entitlements traditionally have paid generous benefits--financed by affordable taxes--to the rich and poor alike, because the ratio of workers to beneficiaries has been high; those days are long gone.





