January 25, 2011

"Running the government on 8¢"

CNNMoney.com reports:

Barring serious efforts to curb the growth in the country's debt, by 2020 Washington could be spending 92 cents of every tax dollar on Medicare, Medicaid, Social Security and interest alone. That would leave just 8 cents to pay for everything else.

Does that put the problem in perspective for you?

Tom Sirois

Great Barrington, MA

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