Financial judgement day
POSTED: Thursday, March 20, 2014 - 5:50pm
UPDATED: Saturday, April 12, 2014 - 7:04am
Tyler (KETK) — Many times when politicians are trying to ram new spending through, they like to cite the-- and they always say --the numbers from the "non-political" Congressional Budget Office (CBO).
Now, we know everything is Washington D.C. is political. Bureaucrats who run the government are all government union workers and tell me which way they lean.
The Democrats when they were ramming through Obamacare gave the fictitious numbers to work with and the CBO bought it hook, line and sinker. But now, even these sleeping federal workers are starting the smell the coffee.
CNS reports The United States faces "fundamental fiscal challenges" stemming from the growth in spending for Social Security and major health care programs," CBO Director Douglas Elmendorf told a gathering in Washington on Tuesday.
The rising cost of those programs leaves Americans with "unpleasant" choices to make, but the sooner they're made, the better, he said:
"So we have a choice as a society to either scale back those programs relative to what is promised under current law; or to raise tax revenue above its historical average to pay for the expansion of those programs; or to cut back on all other spending even more sharply than we already are," Elmendorf said.
Where were these guys three and a half years ago. We have spent ourselves out of house and home.
That's my point of view, what's yours?
You can email me at POV@ketknbc,com or Facebook me at KETK Neal Barton.