'U.S. Fiscal Policy is Unsustainable'. . . .

According to jammiewearingfool.blogspot.com:

Now they tell us. Would have been nice to get a heads-up before the multi-trillion healthcare scam was shoved down our throats.

Fundamental changes to the federal budget will be needed to rein in unsustainable deficits, Congress’s budget watchdog said Thursday.

“U.S. fiscal policy is unsustainable, and unsustainable to an extent that it can't be solved through minor changes,” Congressional Budget Office (CBO) Director Douglas Elmendorf told reporters at a Christian Science Monitor breakfast.

Spending on Medicare, Medicaid and Social Security, plus defense programs and debt interest, will exceed the rest of the federal budget in 10 years if most of the 2001 and 2003 tax cuts are extended, as President Barack Obama has proposed, Elmendorf said.

One problem: Obama wants to let the Bush tax cuts expire as do House Democrats.

So everyone wants tax increases, of course. Good luck selling that to the electorate this year.
 
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Obama Performs Statist-Assisted Suicide on the American Economy - Barack Obama is Dr. Kevorkian. America is the patient.  ~ Rush Limbaugh
 
"The whole point of sanctions is to hurt the population, make the population pay for what the regime is doing. So if Obama would just treat Iran like he's treating the United States of America, they might get the message."  ~ Rush Limbaugh
 
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It doesn't take a rocket scientist to figure this out. . . .Accounting 101. . . .Anytime you continue to spend when you are out of money it will eventually be disastrous. . . .duh. . . .And these are supposed to be the best and the brightest of our great nation?