Washington Big Spenders: Wasteful as Essential | Cato @ Liberty.
If you live anywhere but Washington, D.C., you probably believe that the federal government spends too much. Today the national debt is more than $17 trillion. CBO figured that existing budget plans would add between $6.3 trillion and $8.8 trillion in red ink over the coming decade.
Unless you live in Boulder.
Let’s not forget unfunded liabilities…
Social Security and Medicare alone account for more than $100 trillion in unfunded liabilities, promised benefits for which no revenues are set. Counting a multitude of other debts and obligations, American taxpayers are on the hook for more than $220 trillion in unfunded liabilities.
Conclusion…
But Congress should start by killing the Coburn 100. Americans then need to have an adult conversation about the budget. Too many people expect to live at someone else’s expense through Washington. Which is why the nation faces financial ruin.
This is a much bigger problem then “global warming” or “climate change”, etc, etc.
