In response to:

Entitlement Transfers Have Increased 727% in Last 50 Years

Steve1579 Wrote: Sep 02, 2012 3:19 PM
What does the interest on the red ink money the govt is borrowing from China categorized as? An entitlement to China? Or is it maybe "disposeable income"? We are borrowing 40 cents of every friggin' dollar we spend just for the interest on that debt..If I didn't know any better, as a consumer...If I had to put one credit card payment payment onto another credit card..I am in trouble...And if I had to sneak it out of my neighbor's pocket or bank accountr when he wasn't looking, HE's in trouble..that is what is going on now inb DC.
MacQ - Texas Wrote: Sep 02, 2012 3:33 PM
The liberal talking points people have told them to say that you are naive if you think household accounting applies to government.
I guess they think there's magic money in govt...so when you're in debt, you spend more, and when you've reached your credit limits, simply raise them and keep on spending..

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...