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Our coming fiscal crisis

In an article for the Washington Post on where Republicans went wrong, former House majority leader Dick Armey, R-TX, writes:

The greatest threat to American prosperity today is a catastrophic fiscal meltdown resulting from long-term entitlements.

Yes. For more, see the post immediately below.

ADDED

I don’t mean to suggest here that the entitlement crisis is just the GOP’s fault. It’s not. The origins of this problem pre-date the Republican majority. But Republicans didn’t exactly help the situation when they added a prescription drug benefit to Medicare. That benefit is now projected to cost $1.2 trillion.

(By the way, does anybody remember when the projected cost was a mere $300 billion?)

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