Friday, September 28, 2007

The Entitlements People By DAVID BROOKS

If you live in Washington or just visit for a few days, you may run into the entitlement people. Some of them are former senators, cabinet officers or other previously powerful folks. Others are maverick members of Congress or agency heads, who are not in a position to set policy but are prominent enough to get noticed.

They bombard you with alarming statistics about unsustainable entitlements. The U.S. government has $43 trillion in unfunded liabilities, or $350,000 for every taxpayer. Standard & Poor’s projects that in 2012, the U.S. will lose its AAA bond rating.

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