WHAT DEMOKRAT$ DO NOT WANT YOU TO KNOW, BUT WE WILL KEEP IN THE FOREFRONT UNTIL YOU GET IT!! CBO - U.S. risks fiscal crisis despite cuts. Notwithstanding $2.1T in spending cuts that Congress passed in 2011, entitlement spending will continue to rise over the next 25 years - "unless substantial changes are made" - and could at some point cause a fiscal crisis, the Congressional Budget Office said yesterday. One of the main problems is that an aging population will put strains on Medicare and Social Security, and cause public debt to balloon. Congress would need to pass $4T of savings or tax increases over the next ten years to lower debt from 73% of GDP to below its 40-year average of 38%. HOW YOUR FINANCIAL FUTURE LOOKS LIKE...HUH? VOTING DEMOKRAT EVER AGAIN??
Posted on: Wed, 18 Sep 2013 14:22:06 +0000
Trending Topics
Recently Viewed Topics
© 2015