Oops

[zr5667]

http://www.weeklystandard.com/blogs/mandatory-spending-exceed-all-federal-revenues-fiscal-year-2011_554659.html

2011 marks the year where mandatory spending will cost more than total federal receipts.

I'm something of a technocrat, I think Bill Gates should be given absolute power for a few years to straighten things out.

[M-11]

I wonder if there is an elected official in America with a Community College level knowledge of economics.

M-11

[DAL]

I wonder if there is an elected official in America with a Community College level knowledge of economics.

M-11

I think many politicians understand the problem, but few voters do. They just want theirs (and more) and they want it now.

Politicians make long-term promises to boost their short-term electability. Someone else has to pay for those promises later.

[dlo]

http://www.weeklystandard.com/blogs/...11_554659.html



2011 marks the year where mandatory spending will cost more than total federal receipts.

I'm something of a technocrat, I think Bill Gates should be given absolute power for a few years to straighten things out.

well, if Reagan and Bush and Bush are to be trusted, the tax cuts they passed will result in lots of increases receipts..... any day now....