Saturday, April 13, 2019

The entitlement balloon is going to pop

By Donald Sensing

All balloons eventually pop. No one knows in advance when.

"Entitlements must be cut! But not mine, yours!" - says everyone who receives any kind of federal payout. And so nothing will change until the whole economy crashes to the ground, and then all we will hear is furious anger that no one did anything to stop it.

"If something can't go on forever, it won't" - Herbert Stein, chairman of the Council of Economic Advisers during the Nixon and Ford years, and retired economics professor at UVA.


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