Medicaid, and interest on the debt combined will amount to 18 percent of GDP.It just so happens that 18 percent of GDP is precisely what the government has averaged in tax collections over the last 40 years. The continued growth in entitlements is set to crowd out all other government spend...
(How serious is the latest provocation out of North Korea? What are the “out year” budget implications of a change in Medicaid repayment formulas?) A president needs rhetorical clarity and eloquence, so that he can explain to publics at home and around the world the intent behind his ...
Medicaid, and interest on the debt combined will amount to 18 percent of GDP.It just so happens that 18 percent of GDP is precisely what the government has averaged in tax collections over the last 40 years. The continued growth in entitlements is set to crowd out all other government spend...