There are three major areas in which spending cuts have to happen - on a massive scale - if the US long-term fiscal crisis is to be tackled. We all know what they are: Medicare, Social Security and defense. No other programs come close to these in terms of spending. So one might expect a presidential candidate like Sarah Palin who says she favors restraining spending to outline how she would slash these programs, especially as she refuses to contemplate any tax increases at all. She has said ...
Published on July 08, 2010 11:09