4/23/12 Will Entitlement Programs and Debt Consume U.S. Budget in 2025?
U.S. Rep. Frank Wolf says the nationís fiscal future is dark. "According to the Congressional Budget Officeís long-term estimate, every penny of the federal budget will go to interest on the debt and entitlement spending by 2025," Wolf, R-10th, said in a March 28 speech on the House floor. "That means no money for national defense. No money for homeland security. No money to fix the nationís crumbling bridges and roads. No money for medical research to find a cure for cancer or Alzheimerís or Parkinsonís diseases," Wolf added.
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