Wednesday, February 15, 2023

Entirely predictable because of math

Hot Air: "CBO: Deficits will rise to $2 trillion per year over the next decade."

Unsurprisingly, these deficits will be driven by entitlement spending, a fiscal reckoning that has been known for decades.  We're now in a political standoff where nobody is willing to make necessary changes and both Medicare and Social Security will run out of cash.  Gradual changes that could have been made years ago will now lead to crashing tidal waves of forced reform.

1 comment:

Anonymous said...

Ha ha! Look at Senator Rick Scott the scalded dog run away from his dream, snarling all the way:

https://twitter.com/sahilkapur/status/1626570514343895040

[NARRATOR: Republicans haven't given up on their dream.]