D G Wrote:
Nov 13, 2012 3:16 PM
The greatest cause of deficits is the growth of spending on entitlement programs. ..... Note the word "growth" .... These programs are growing 7% per year on average. ... The long term growth rate of the economy has been 3% (worse under Obama). Therefore, it is not possible to grow revenue fast enough to keep up with spending on entitlement programs.