Saturday, December 15, 2012

Mother Jones Article

This teaser is from Mother Jones No Fiscal Cliff!
"[S]pending is not out of control. Entitlement programs like Social Security and Medicare are rising gently as the baby-boom generation retires. All other spending, including that for the military and domestic discretionary programs, falls—with the notable exception of interest on the debt. Interest rises sharply as the deficit rises, principally because the G.A.O. assumes that revenue will not be permitted to rise above its historical average—as Republicans continually insist." Bruce Bartlett Economist, Conservative

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