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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (255211)	7/7/2014 1:44:20 PM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 542054

:O) "How about it? Raygun famously proved it doesn't matter." Is that why all of the infrastructure in Ma is/and well on the way to looking like a third world country? " And even if some are feeling cheerful about declining deficits, the Congressional Budget Office warns that shrinking deficits won’t last if the nation keeps to its current spending and taxing policies. Deficits will begin to increase in years to come, and continue increasing for the next 25 years, through 2038. Much of that deficit spending will be driven by spending on health care -- especially Medicare, the government insurance program for people over age 65 -- and Social Security, according to the CBO’s latest report. The agency issued a warning along with its usual graphs and charts: "The unsustainable nature of the federal government’s current tax and spending policies presents lawmakers and the public with difficult choices. Unless substantial changes are made to the major health care programs and Social Security, those programs will absorb a much larger share of the economy’s total output in the future than they have in the past." We see no end in sight to conversation and commentary about deficits and debt. So keep this in mind: Deficit=one year. Debt=all money owed.