Everybody has known it for a long time: the federal government's spending habit has grown too big and needs trimming. Actually, what we need is not a simple trim but a huge haircut.
We spend enormously on education, but outcomes are mediocre; on health care, but outcomes are below standard; on welfare payments, but without prosperity.
All this spending put us so deeply in debt that many think we'll never recover. As you may have heard, the interest we pay on our debt at the national level surpassed the entire U.S. Defense budget last year. That's not sustainable. We need drastic remediation.
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