The Debt Problem: Mostly Medicare:
To follow up on a point in my previous post, this New York Times chart illustrates the spending problem facing the U.S. The short-term deficits are indicative of overspending, but by far the biggest factor in a future sovereign debt crisis would be the projected uncontrolled growth of entitlement spending:"
“So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them.” … “Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil?” - Atlas Shrugged
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