
Cut, Cap and Balance sounds good in theory. If 20% has worked for the past 60 years, it should work into the future, right? But this ignores that most Americans expect the government to help pay for their health care when they get old or disabled, and the costs of that care for the federal budget will explode in our lifetimes. The Government Accountability Office projects that the federal government's share of health spending will grow to 20% of GDP all by itself by 2080.
It's perfectly legitimate to argue for a 20% spending cap. But the way Republicans present it as an abstract concept without informing voters of the true implications of such a cap is dishonest. Over the next few posts, I'll look at various issues involved in bringing spending to this limit.
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