The fiscal-cliff drama will likely end without any grand bargain on revenues and entitlements.
Now, entitlements need reform and savings, no doubt about that.
As for spending, entitlements, the sequester, and the debt ceiling?
Federal programs, such as Social Security, Medicare and Medicaid, that disburse money according to fixed formulas to citizens who fall into designated categories. Because entitlements do not require annual congressional appropriations, their cost tends to rise steadily and, in the view of some, out of control.