President's Letter: Record Profligacy

February 2007
Independent;2007, Vol. 17 Issue 1, p2
The article comments on the 2008 Federal Budget released by the U.S. Congress. It is stated that mandatory spending, which includes social security, Medicaid, and Medicare, has increased from 26% of all federal spending to 53%. It is reported that the largest expenditure is defense at $617 billion, followed by Social Security at $552 billion. The author states that the Independent Institute can offer alternatives to lessen the increasing burden of the government profligacy on the U.S. people.


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