11-22-2011, 06:06 AM
Entitlement spending is the cause of our current and future budget problems. Its share of GDP has been steadily increasing from about 4% in 1970 to almost 10% now.
http://fraser.stlouisfed.org/publication.../32608.pdf
Military spending as a portion of GDP is decreasing.
Defense Spending Has Declined While Entitlement Spending Has Increased
If the US were to leave entitlements alone and cut back military spending from 4% of GDP to 0%, we would be unable to protect ourselves and our deficits would continue to rise until the country is insolvent.
http://fraser.stlouisfed.org/publication.../32608.pdf
Military spending as a portion of GDP is decreasing.
Defense Spending Has Declined While Entitlement Spending Has Increased
If the US were to leave entitlements alone and cut back military spending from 4% of GDP to 0%, we would be unable to protect ourselves and our deficits would continue to rise until the country is insolvent.
BSBA CIS from TESC, BA Natural Science/Math from TESC
MBA Applied Computer Science from NCU
Enrolled at NCU in the PhD Applied Computer Science
MBA Applied Computer Science from NCU
Enrolled at NCU in the PhD Applied Computer Science


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