April 20, 2011
Now here’s a surprise: “Poll shows Americans oppose entitlement cuts to deal with debt problem”

After 30 years of being lied to by elected officials and the intelligentsia that peddles supply side nonsense, the headline above, from today’s Washington Post, may be the least surprising headline in the history of American politics. 

For 30 years now, Americans have been told that they can have high levels of entitlements (the costs of which are paid at some future time, making promises easy) AND low taxes since, somehow or another, growth will fill the gap between promises and tax receipts. It’s been wrong for 30 years. It’s wrong now (as the photo embedded in this post demonstrates). 

So it’s hardly surprising that Americans don’t want to cut entitlements today. It’s also hardly surprising they don’t think they have to pay more taxes. 

But the truth is they’ll have to do both. And the sooner we start the better.

US debt growth

  1. politicalprof posted this