Michael Tanner highlights recent comments by Peter Orszag, director of the Congressional Budget Office, on the financial burden presented by Social Security, Medicare and Medicaid:

According to Mr. Orszag, without dramatic reform, the cost of those three programs alone will rise from 18 percent of GDP today to 28 percent by the middle of this century and as much as 35 percent soon thereafter.

That means that just three federal government programs will be consuming between a quarter and a third of everything this country produces.

Paying for those programs would require raising both the corporate tax rate and top income tax rate from their current 35 percent to 88 percent, the current 25 percent tax rate for middle-income workers to 63 percent, and the 10 percent tax bracket for low-income workers to 25 percent. The impact on workers, businesses and the economy at large would be catastrophic.

Turner's points out that the lack of discussion by McBama on entitlements. He notes that McCain is no longer talking about reform, such as means testing, and Obama wants more spending on Medicare something that Tanner correctly equates to "trying to cram a few more passengers onto the Titanic"