According to this, CBO's director Doug Elmendorf is warning Americans that the US faces "fundamental fiscal challenges" due to the growth in spending on entitlement programs.
This will probably be shocking news to a lot of liberals, if they bother to even acknowledge it. As for the rest of us with Actual Brains, I think I can speak for the vast majority of us when I say, "This is news???"
Elmendorf said that the ways to deal with this issue are "unpleasant in one way or another, and we have not, as a society, decided how much of that sort of unpleasantness to inflict on whom."
Raise your hand if you vote for the unpleasantness to be inflicted on liberals who keep VOTING FOR THE EXPANSION OF THESE ENTITLEMENT PROGRAMS TO BEGIN WITH.
Elmendorf further acknowledged that lots of us have paid into Social Security for years and years, expecting that it'll, you know, be there for us in retirement, which is the PURPOSE OF IT FOR CRYING OUT LOUD. But all that money we've been handing over with each paycheck was spent by the government on other stuff. So, Elmendorf says, "If one wants to change those programs, then giving people a lot of warning about that -- those changes coming -- would be especially important."
Because THAT'll fix it. Warnings. That'll solve everything.
To the surprise of no one, he also said that the debt we're amassing will slow wage and income growth, and that really, we need to be acting NOW, not just continually kicking the can down the road.
But hey - Obama filled out his NCAA brackets, y'all. Because PRIORITIES.http://chicksontheright.com/posts/item/25565-cbo-says-we-better-brace-ourselves-for-big-changes-y-all