The national debt exceeds $36 trillion with a projected $1.9 trillion to be added in 2025. Critics contend that placing entitlement programs like Social Security and Medicare off limits dooms Uncle Sam to bankruptcy. Can we contain entitlement spending? Let’s first be precise about entitlement programs. Despite the name, the U.S. recognizes no right to welfare, healthcare, or Social Security.  Entitlement refers to the spending mechanism. For entitlements, the Treasury pays all individuals who meet the program’s criteria without Congress appropriating funds. Entitlement spending can be cut by...

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