New Budget Report: America Will Be Greece Unless Health Care Is Fixed
By Daniel Horowitz | Conservative Review --
Last week, while the two major parties were fighting over the last morsels of capitalism left in the rush to full-throated socialism, the CBO released its annual long-term budget outlook, which demonstrates the effects of the socialist policies emanating from both parties. There is nothing but eye-popping debt, dependency, lower income, and permanently depressed economic growth. And nothing being promulgated by the two major parties addresses any of this; instead, their proposals exacerbate all the economic and fiscal problems.
Yes, I know the CBO often gets it wrong. But in which direction? It tends to underestimate spending and overestimate revenues. Thus, the destruction projected by the CBO is the floor, not the ceiling, of the calamity we are facing.