The Wall Street Journal has produced a series of charts to explain the president’s 2013 budget.  It shows the usual information we’ve come to expect from government reports, yet another year of deficits, most of it going to entitlements and little evidence indicating the budgetary situation is likely to improve anytime soon.  However, even that simplistic view is hopelessly optimistic.

While most of them take some effort to decipher, one particular chart stood out, the Medicare Spending graph which appears to show a fairly steady increase over the next five years.  Read More »

Most Americans have no idea how perilous the times we live in have become. They know the economy is in bad shape. They know the yearly deficits are significant. Americans are war-weary even though they have been largely shielded from the consequences of a decade of constant war and broken promises. The more perceptive critics even realize that the culture itself has become stagnant. This is all true, but the reality of the situation is far more severe than even the more attentive realize. Please give me your patience while I explain.

Government spending is exploding at an incredible rate and it will get worse as time goes on. Take medical care for example. Ever since 1980, the cost to the Federal government for health care has increased by an average 9 percent every single year. In 1980 we spent $55 billion on health care. Today we spend $866 billion. Pull out a compound interest calculator like this one and you’ll see its exactly 9 percent every year for the last 32 years! Read More »