Why it’s time to end the debt ceiling and fund the IRS
Amid the much-anticipated debt ceiling imbroglio, it’s become clear that our national debt can't keep growing like this. To tackle this issue, we need to start by admitting the problem: about 70 percent of federal spending is mandatory, meaning it grows automatically without congressional input. Unfortunately, most of this is Social Security, Medicare, Medicaid, and other politically popular entitlement programs. Cutting the benefits these programs dole out is a political third rail most self-interested political actors won’t dare to touch. Luckily, we don't need to eliminate these programs. What entitlement reform supporters want is to secure these programs’ solvency and make sure they’re there for future generations.