Earlier this year, a $1.3 trillion omnibus spending bill left many fiscal conservatives wretching over the rise in domestic spending, but Hillsdale College Prof. Gary Wolfram says mandatory spending on entitlements is the real emergency and we’ve got less than a decade to do something before it gobbles up all of our revenue.
Wolfram teaches economics and public policy at Hillsdale. He also served as chief of staff to former Rep. Nick Smith, R-Mich, in the mid-1990s and on the Michigan State Board of Education.
The omnibus controversy arose when President Trump and Republican congressional leaders agreed to huge increases in domestic spending in exchange for lifting the spending caps on national defense spending.
In a recent column, Wolfram explains that mandatory spending – Social Security, Medicare, Medicaid – is the much greater threat. What makes it mandatory is specific congressional acts dictating how much is spent on those