Outlays for Department of Health and Human Services totaled to $848.1 billion in FY 2012 versus $466.1 billion in FY 2002. ….. Outlays for Social Security Administration totaled $821.1 billion in FY 2012 versus $488.7 billion in FY 2002. ……… Look back to FY 1992, and you will see the numbers were about half of those for FY 2002. ….. Long term GROWTH RATES are Excessive!
The Republican Proposal cuts $900 billion for entitlements over the next 10 years. That is not nearly enough. ….. The answer is to cut entitlements enough to balance the budget, and then keep the growth rate for entitlements at the same as the long-term growth rate of the economy.