The Big Think

March 22, 2010

The Grass Suddenly Doesn’t Look Very Green On This Side of the Rubicon

Filed under: Politics — jasony @ 8:09 am

Thanks to a spiraling deficit, the economy is chugging merrily towards a broken bridge over a rocky canyon—a fact that almost no one from either party is willing to do anything about. America, according to the CBO, is on an unsustainable path, and the nation’s solid-gold credit rating may be at risk. So it doesn’t matter how many times blinkered legislators repeat to themselves, “I think I can, I think I can”: Nothing short of significant cutbacks to entitlement spending is going to magically transform the U.S. budget into the little engine that could.

Instead, politicians are paying for new entitlements by shifting money from unsustainable programs—money that ought to have gone toward getting America’s fiscal house in order.

read the whole thing. link.

and please don’t miss the article I linked to a few days ago.

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