PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (458317)	9/13/2003 11:36:20 AM
From: Peter O'Brien	Read Replies (2) of 769670

That is true... for now... The taxes to support these entitlements just keep increasing year after year after year... And, still, the programs are actuarially unsound... They are "Ponzi schemes" in the sense that current benefits are paid by current taxpayers. But, my question is not whether or not these entitlements are currently running a surplus. My question is why they have increased to such a huge share of both the federal budget and the GDP (mostly displacing defense spending) during just the past few decades?

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