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Entitlements spending crisis

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  • Pessimism is ubiquitous throughout the Western world today. Whether today’s anxiety stems from the inability of politicians in Washington, DC, to fund the U.S. welfare state, or from the intractable euro crisis in Europe, there is a rising sense of gloom and helplessness on both sides of the Atlantic. I am an optimist, and this book is offered as an antidote to this contagion of gloom. It proposes solutions to many seemingly insoluble problems, for example, the prospect of a Lost Decade, and ballooning U.S. health-care spending.

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