Why the Government Will Default: Welfare Costs
Written by Gary North on February 20, 2012
What is the #1 budget-buster over the next decade? Medicare. Will voters allow cuts in Medicare? No. Tea Party promoters say they are in favor of cutting spending. The problem is, they resist cutting spending for Social Security, Medicare, and the Defense Department. Yet these are the three budget-busters. Keynesian liberal economist Paul Krugman has […]
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