Entitlements make up about two thirds of the national budget. The American Enterprise Institute, a conservative think tank, has prepared an amusing (yet simplistic) video, inspired by Dr. Seuss, which warns of the dangers of entitlement spending growth in America.

Video Summary

Once upon a time, commerce was booming and people were able to afford what they needed and help out those that couldn’t. Then the government decided that it should tax people for things like social security and welfare, so that everyone could get the help that they needed, even if they weren’t putting as much into the economy as others. This created a dependency on such entitlements. As entitlement spending grew, more taxes were levied, destroying incentives by “makers” to grow the economy. This is what Nicholas Eberstadt talks about in his book “A Nation of Takers.”