If you’re a big spender, there’s good news in Washington. The
deficit is down. The budget crisis is over. So Uncle Sam can go
back to his wastrel ways!
Indeed, the usual suspects insist, it’s time to spend more. The federal government should provide more stimulus spending to put people back to work. Food Stamps should not be cut despite nearly doubling in cost over the last five years. Every state should expand Medicaid. Social Security benefits should be increased, not reduced. After years of horrible, painful austerity, it’s time to party!
Only in Washington.
A normal person could be forgiven for believing the U.S. faces a budget crisis of extraordinary proportions. Uncle Sam has run up $5 trillion in red ink over the last four years. The national debt now approaches $17 trillion. Economist Laurence Kotlikoff figured total federal debts, unfunded liabilities, and other obligations exceed $220 trillion.
http://spectator.org/archives/2013/06/28/good-news-on-the-budget-defici
Indeed, the usual suspects insist, it’s time to spend more. The federal government should provide more stimulus spending to put people back to work. Food Stamps should not be cut despite nearly doubling in cost over the last five years. Every state should expand Medicaid. Social Security benefits should be increased, not reduced. After years of horrible, painful austerity, it’s time to party!
Only in Washington.
A normal person could be forgiven for believing the U.S. faces a budget crisis of extraordinary proportions. Uncle Sam has run up $5 trillion in red ink over the last four years. The national debt now approaches $17 trillion. Economist Laurence Kotlikoff figured total federal debts, unfunded liabilities, and other obligations exceed $220 trillion.
http://spectator.org/archives/2013/06/28/good-news-on-the-budget-defici
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