Heritage: End 'autopilot' spending or crash

Friday, April 20, 2018
 | 
Chris Woodward (OneNewsNow.com)

Burning moneyIt's 2018. Do you know where your tax dollars are going?

New information from The Heritage Foundation shows some people believe the bulk of their money goes to welfare programs, national defense and foreign aid.

In reality, however, Heritage analyst Adam Michel, who studies the federal budget and taxes, says health entitlements and Social Security are the largest programs.

"The majority of our tax dollars go to things that are on autopilot, things that Congress doesn't actually assess on a year to year basis," he says. "About 28 percent of the budget goes to Medicare, Medicaid and other health care entitlements like Obamacare, and then about a quarter of the budget goes to Social Security."

Those programs, he says, are the "main drivers" of U.S. debt and deficit problems going years into our future.

The conservative Heritage Foundation predictably warns the problem may get worse.

"As we sort of step out further and further in time, there are more people drawing on these benefits than people paying into them," Michel warns. "People have been promised benefits that are more generous than ultimately what they paid in."

Asked the predictable next question – how does Congress address these spending matters – Michel says lawmakers need to start talking about the situation.

"Because members don't assess them on a year-to-year basis, or even any sort of recurring basis," he says. "They just have promised these benefits and they are set on autopilot to grow at infinitum."

Consider Supporting Us?

The staff at Onenewsnow.com strives daily to bring you news from a biblical perspective. If you benefit from this platform and want others to know about it please consider a generous gift today.

MAKE A DONATION

Comments

We moderate all reader comments, usually within 24 hours of posting (longer on weekends). Please limit your comment to 300 words or less and ensure it addresses the article - NOT another reader's comments. Comments that contain a link (URL), an inordinate number of words in ALL CAPS, rude remarks directed at other readers, or profanity/vulgarity will not be approved. More details

SIGN UP FOR OUR DAILY NEWSBRIEF

SUBSCRIBE

VOTE IN OUR POLL

What's your response to reports that the 2019 Scout Jamboree will make condoms and alcohol available to participants?

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

Judge: President can't block critics on Twitter
Latest: Bethea: New NFL policy 'not really a compromise'
Pompeo: Fate of US-NKorea summit rests with Kim Jong Un
Estimated 7,000 bodies may be buried at former asylum
Trump defends describing MS-13 gang members as 'animals'
Mexican Mafia busted for running crime in LA County jails
Trump seethes over Russia probe, calls for end to 'SPYGATE'

LATEST FROM THE WEB

NFL to players: Stand for anthem or stay in locker room
Sidestepping political debate, Super Bowl champion QB says he's honored to visit the White House
NFL national anthem policy stirs reaction as 49ers owner says he abstained
Valedictorian forced to strip Jesus from speech
Crapweasel of the week: Educrat Arne Duncan

CARTOON OF THE DAY

Cartoon of the Day

REASON & COMPANY

NEXT STORY
Russia investigation wraps up but Dems keep digging

"Rocky" RussiansA U.S. House panel investigating Russian meddling in U.S. elections has released its final report and wrapped up its business – sort of.