Deficit Spending - Cause & Cure V2.0

The Cause
(Hint: Defense spending is not the problem.)
Quoting the non-partisan Congressional Budget Office:

“under current law, federal spending on Medicare and Medicaid measured as a share of GDP will rise from 4 percent today to 12 percent in 2050 and 19 percent in 2082—which, as a share of the economy, is roughly equivalent to the total amount that the federal government spends today…

Federal spending on programs other than Medicare, Medicaid, and Social Security—including national defense and a wide variety of domestic programs—is likely to contribute far less, if anything, to the upward trend in federal outlays as a share of GDP.”

Click here and here to understand why our health care costs are soaring.

Click here to examine recent deficits.

Further substantiating the CBO quote:

According to The Washington Post, these are the trends in defense spending as a percentage of GDP:

World War II - “nearly 40 percent”

Korean War - “15 percent”

Vietnam War - “10 percent”

Currently - “less than 5 percent”

From the Congressional Budget Office
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From Heritage.org
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Again quoting The Washington Post (emphasis mine):

"The enormous sums committed to mandatory federal programs such as Social Security, Medicare and Medicaid dwarf all other aspects of the budget. Left unchecked for a decade or two, they will consume a larger share of the nation's GDP than all our federal programs today combined. Coupled with increasing interest payments on the government's rising debt, they will either force up taxes or produce dangerous deficits."

From the Congressional Budget Office
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From Heritage.org
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The Cure
(Hint: Higher taxes will NOT solve the problem.)
Higher income taxes will NOT produce higher revenues.
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Higher corporate taxes mostly just drive jobs offshore.
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Government spending (at every level) is out of control.
The answer is NOT higher taxes, but lower spending.
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Representative Paul Ryan has a workable plan.
I would prefer far deeper spending cuts.
But, this is a good start.
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Predictably, Dims prefer the path to certain destruction.
ObamaCare is guaranteed to take us there (even faster).
Click here & examine the entire Heritage.org presentation.