Per Josh Marshall, a new government report warns: “our nation’s [] policy is on an unsustainable course.”
A government policy that is unsustainable? That would be Social Security, right?
Oh my:
Simply put, our nation�s fiscal policy is on an unsustainable course. As long-term budget simulations by GAO, the Congressional Budget Office (CBO), and others show, over the long term we face a large and growing structural deficit due primarily to known demographic trends and rising health care costs. Continuing on this unsustainable fiscal path will gradually erode, if not suddenly damage, our economy, our standard of living, and ultimately our national security. Our current path also will increasingly constrain our ability to address emerging and unexpected budgetary needs.
Regardless of the assumptions used, all simulations indicate that the problem is too big to be solved by economic growth alone or by making modest changes to existing spending and tax policies. Nothing less than a fundamental reexamination of all major existing spending and tax policies and of priorities is needed
I expect President George W. “I don’t believe in passing problems onto future leaders” Bush to conduct an immediate reexamination of his taxing and spending policies in light of this report.