America has a big problem—our country’s growing national debt.
Social Security, Medicare, and Medicaid alone account for roughly half of federal spending today, a portion that will only grow larger in the future and increase more rapidly with the government’s newest entitlement program — Obamacare. The simple truth is that there is no way to address America’s debt problem without reforming entitlements.
Politicians from both parties are loath to address or even talk seriously about reforming these entitlement programs. But in his latest book, the Cato Institute’s Michael Tanner offers detailed, critical analysis of this growing problem and provides sensible solutions for real reform. To understand the magnitude this crisis has on the U.S. economy, read Michael’s Going for Broke: Deficits, Debt, and the Entitlement Crisis.