More Austrian politics wrapped in the language of economics.

Problems with blaming "entitlements" for national bankruptcy in this article:

1) Doesn't include Missing Trillions from the Pentagon: http://www.cbsnews.com/stories/2002/01/29/eveningnews/main325985.shtml
2) Doesn't take into account Trillions of dollars spent on pointless wars over the past 20 years.
3) Endless subsidy of nearly 0% interest loans to Wall St. banks.
4) Loves CDS (Credit Default Swaps) which are effectively insurance without any capital to back them up which used to be illegal and still should be which had a huge role in the collapse and bailout.
5) Never considers any tax changes or increases to shore up whatever deficit these programs have.

But of course that's not a problem for him, because Austrian economics are often used in our modern time for the justification of the looting of what remains of our government.  The reason they preach that the sky is falling with regards to Medicaid and Social Security is that they don't want to pay for Medicaid (the rich) and they want to loot Social Security and privatize it.