When confronted with the coming red ink tsunami, members of the War Lobby blame entitlements for bloating the budget. There is no problem, they suggest, that could not be solved by slashing Medicare, Social Security, Medicaid, and assorted other “mandatory” social programs. After all, the bulk of the budget is accounted for by those three plus interest and the military. (Domestic discretionary outlays, currently the most convenient budget target, make up only 16 percent of total federal...
When Federal Interest Payments Exceed the Military Budget: Time to Stop Defending Rest of the World
When Federal Interest Payments Exceed the Military Budget: Time to Stop Defending Rest of the World