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Entitlement Transfers Have Increased 727% in Last 50 Years

LibsHateAmerica Wrote: Sep 03, 2012 8:03 AM
Look at California, Detroit, USSR, Cuba.....pretty much anything under liberal control is destroyed and ran into the ground.

As we all know entitlement reform is a big topic of conversation for this upcoming election. Will the Romney/Ryan plan break down Medicare? Will President Obama continue the constantly growing entitlement program?

In a new analysis from The Wall Street Journal we see that entitlement programs have grown at an average rate of 4% each year since 1960.

The growth of entitlement payments over the past half-century has been breathtaking. In 1960, U.S. government transfers to individuals totaled about $24 billion in current dollars, according to the Bureau of Economic Analysis. By 2010 that total was almost 100 times...