It is an entitlement program. Any financial aid given by the government to private citizens to subsidize their income falls under entitlements. The disturbing part is people have developed the belief that retirement is a guarantee for everyone. It isn't and it's dangerous to believe otherwise.

Ekonoman,     Not true, thankfully. Yes the entitlements are set to increase but tax revenues are expected to double by 2020. Since 1950 they have doubled every decade except the last because of the recession. If Congress and the President would just stop increasing our debt, by the time 2023 rolls around we'll be p...more

Most people don't realize our elected officials are not trying to eliminate the debt or balance the budget. One of the things they know, which most people don't, is tax revenues have doubled every 10 years since 1950. Congress and the President are accumulating more and more debt because they are trying to keep the deb...more

Actually, when Regan took office the top rate was 90 percent. The real frustration is knowing this is all a scam. If you look at federal tax receipts from 1950 onward you will see the government has doubled it's income every 10 years. That mean the amount of money the President and Congress have had available for budge...more

Actually, nothing has to be cut. All they have to do is leave everything alone. Literally, if they would just leave everything alone the economy would fix itself with money left over.

Actually, based on historical tax revenue trends, if Congress and the President would just leave everything alone for 10 years we would be completely debt free and have more money than we'd know what to do with.

What he's doing is known as misdirection. He's hoping you'll see how cool he is and forget about all the promises he broke like transparency, no more ear marks, smaller deficit, unemployment under 8%, only using public funding for his election etc. It's sort of the flipside of why you don't do business with friends or ...more