Even if a tax rate increase magically balances the budget in the near term, we would see deficits quickly returning and resuming their growth. …… If growth rates of entitlements are not slowed, the problem can not be solved.
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!