Archive for November, 2009
Why We’re In The Red
Over on rc3.org, Rafe Colburn posted this great quote.
Why the government is so far into the red, summed up nice and succinctly by Doug Elmendorf, the Congressional Budget Office director:
The country faces a fundamental disconnect between the services the people expect the government to provide, particularly in the form of benefits for older Americans, and the tax revenues that people are willing to send to the government to finance those services.
(original quote via Ezra Klein)

