Tuesday, June 21, 2011

Both but more of one - The director of the CBO writes that we need to raise taxes and slash spending to reduce the federal debt. But he also notes that while revenues have averaged around 18% of GDP for the past 40 years, total outlays are projected to be 24% of GDP which is 6% higher than the average during the same 40-year period.

Extra - Doug Ross says Greece is the word.

No comments: