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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (543209)10/15/2013 8:21:02 AM
From: D. Long2 Recommendations

Recommended By
SirWalterRalegh
skinowski

   of 793927
 
Everybody is talking about how we are going to pay for the huge national debt, but nobody seems to be talking about the runaway spending which created that record-breaking debt

What is terrifying is the fact that 2/3 of the unbelieveable 3.8 trillion dollar federal budget is non-discretionary spending: Social Security, Medicare, debt service. Federal revenues (without borrowing) is $2.9 trillion, meaning the part of the discretionary federal budget - the part that funds actual government operations - that isn't borrowed is equal to the defense budget.

The entire federal operation is running on borrowed money, and our entitlements are swallowing us whole. And we just added a big new one with Obamacare. This is unsustainable.
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