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Archive for October 26th, 2012

Is Medicare Spending the Biggest Driver of the Deficit?

Friday October 26th, 2012   •   Posted by Craig Eyermann at 6:06am PDT   •   4 Comments

The University of Michigan’s Robert Dittmar wonders: Up until about 1970, the government more or less balanced its budget. There were surplus years and deficit years, but on average, the government ran a surplus of about $2 billion over the period 1929 through 1969. Starting in 1970, the government began to run sustained deficits, and…
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