Why Is No One Talking About the Deficit?

The players in this election season are, it seems, not interested in talking about the deficit. Too much of a downer. Still, when the giddy days and nights of campaigning are done and the cold grey dawn of governing breaks, someone is going to have to face the facts. Namely, that spending is increasing at a rate of 5 percent per year, and revenues at 1 percent.

What makes the problem a real challenge is the fact that the spending is being driven by what we like to call “entitlements,” to include Social Security, Medicare, and Obamacare.