According to this graph, entitlements for lazy people are NOT the main reason that the Federal Deficit will explode over the long term. This contradicts conservative values and therefore must be wrong.
We are always hearing from the great conservative minds of our time that our current economic path is unsustainable, and the reason is because the government gives free stuff to lazy people with Obama phones. We are specifically told that Medicare and Medicaid and Socialist Security are all spinning out of control, and that their costs will “explode the deficit” over time.
It seems strange, then, that this graph, produced by the socialist far-left organization known as the “Treasury Department”, shows that these gifts-for-lazy-people are actually remarkably stable over time and do not increase the deficit!
Instead, according to this graph, the biggest problem is the interest on existing debt.
In fact, if you look at the difference between the black line (total receipts) and the dotted line that marks the top of the colored area (non-interest spending), the total non-interest deficit is extremely small, and much smaller than the overall spending for entitlements for lazy people.
There really isn’t a lot to say about this graph, except that it’s obviously wrong. We’re not entirely sure how it’s wrong, or why. But, it contradicts Sean Hannity… so it must, in some way or other, be guilty of liberal bias!!!
graph data source: Treasury Department report
graph found via: The Fiscal Times
