A Winning Plan for Entitlement Reform

heartlandNow if we only had Republican politicians who knew how to communicate. From the Heartland Institute:

Soon after World War II, U.S. federal government spending as a percent of gross domestic product (GDP) stabilized at around 20 percent. It remained there until President Barack Obama took office. That period covered close to two-thirds of a century.

All of the great debates, the political crusades, the battles between left and right, the liberal War on Poverty, the steady rise of entitlement spending, the Reagan revolution—all of these together amounted to holding federal spending in equipoise during this entire period, growing in the end no faster than our enormously productive economy grew over the same period.

Until recently.

The Congressional Budget Office (CBO) projects that on our current course, under current policies, federal spending would soar to 30 percent of GDP by 2027, 40 percent by 2040, 50 percent by 2060, and 80 percent by 2080. Add in state and local government spending, and we are literally on a course toward full-blown communism, where the government takes and spends everything the economy produces.

Obama has exacerbated this problem.

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