The Trump administration must put the breaks on the frightening explosion of entitlements.
The Cato Institute’s Dan Mitchell lays out what is ticking time bomb for America:
[T]he federal government is spending more today on defense than it was back in the 1960s, even after adjusting for inflation. And outlays for “domestic discretionary” programs also have increased.
But what’s obviously driving fiscal policy is the relentless expansion of entitlements (referred to as “mandatory spending” for purposes of the Budget Enforcement Act).
And because of demographic changes and bad policy choices, outlays for entitlement are projected to become a much larger burden in the future.
So now, perhaps, you understand why I keep arguing in favor of genuine entitlement reform and why I think it’s so critical that Donald Trump reconsider his skepticism.
