“an insurance company with an army”

An Insurance Company With An Army – NYTimes.com by Paul Krugman

[T]his seems like a good time to repeat, once again, the truth about federal spending: Your federal government is basically an insurance company with an army. The vast bulk of its spending goes to the big five: Social Security, Medicare, Medicaid, defense, and interest on the debt. …

[I]f you want smaller government, either you’re talking about cuts in the big five, or you have no idea what you’re talking about.

An Insurance Company With An Army – NYTimes.com [hat tip NewMexiKen]

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