The Truth About Entitlements

Here’s a pretty insightful look at spending on entitlements.  Worth the read.

The Truth About Entitlements

The Truth About Entitlements

Arnold Kling | Nov 09, 2010

The Truth About Entitlements (click link for .pdf file)
Does the United States really have to restructure the entitlement programs that affect seniors? Some would argue that Social Security is sound. Some would suggest that greater taxes on the highest earners would be a solution. Some would say that Medicare’s problems can be solved with painless reforms to control costs. Some would suggest that we have room to raise overall taxes to levels seen in European countries. Some would say that high economic growth is likely to eliminate the problem. This paper looks at the feasibility of these alternatives to scaling back spending promised for seniors.



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