Thursday, May 28, 2009

Not another Runaway Entitlement Program

Not another Runaway Entitlement Program
"However high the current cost estimates might seem to be, actual costs will turn out to be thousands of times higher. Entitlement spending by its very nature cannot be controlled. Having determined the qualifications for participating in an entitlement program, the government is obligated to pay whoever shows up. If, as often happens, it turns out that more people than expected qualify for an entitlement program and therefore spending exceeds estimates, politically it’s almost impossible to stop."

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