In July, the Congressional Budget Office put out yet another report showing that the U.S. federal debt is growing unsustainably.  The biggest reason for the growth, which has already slowed the U.S. economy and will continue to do so in the foreseeable future, is entitlement spending. Yet members of Congress, especially in the Senate, appear eager and willing to avoid their responsibility to reform entitlements, particularly Social Security and Medicare.  While both parties have used tremendous rhetoric about reforming both programs since 2010, Democratic unwillingness to pass a budget has been matched by Republican plans that tiptoe around the problem. Even the allegedly conservative budget plan put out by the GOP-controlled House won't balance the budget for years, provides only general guidance on Social Security reform, and fails to begin Medicare reform in a timely manner.  And yet this is the plan that has the most support of any being discussed on...(Read Full Post)