In less than fifteen years, these "entitlement" programs will consume all of the Federal Government's revenue. All of it. No more national defense, no more national parks, no more federal research grants, no more federal highway funds, no more air traffic control system, no more education grants, no more federally guaranteed loans or bank accounts, no more NPR, no more PBS. It will all be going to Social Security, Medicare, and Medicaid.
Turns out that "less than fifteen years" was actually RIGHT THE HELL NOW.
Well, Federal Fiscal year 2012 . . . which starts in October, 2011. If Obama has his way, that is.
Here’s a stat for you: In President Obama’s proposed 2012 budget, the White House Office of Management and Budget estimates (in Table S-4) that mandatory spending this year (2011) will be $2.194 trillion, while total federal receipts will be $2.174 trillion.
Raise taxes? Oh, sure, that's a wonderful way of strangling an economy that's already struggling under the weight of excessive government intervention, high unemployment, skyrocketing energy prices, and an increasing tolerance of both governmental and private-sector corruption.
Entitlements will be cut. You might as well get your mind around that idea right now, because it's going to happen. And it can happen the easy way, or it can happen the hard way.
The easy way is the Tea Party way. The hard way is the Democratic Party way.
That's the bottom line. And there is no more avoiding the bottom line.