How to Solve America’s Spending Problem

FACT: If the government doesn’t stop hemorrhaging money at its current rate on welfare programs, then Medicare, Medicaid, Social Security and the interest on our debt will not only sink the federal budget–these programs will self-destruct.

Some politicians speak as if America’s debt crisis can be solved without kicking our spending habit. Those politicians would be wrong. In five minutes, see the choices our politicians (and presidential candidates) must make if they want to rescue programs like Social Security AND get us out of debt.

The Cato Institute