The Congressional Budget Office Calls Blowup of U.S. Economy in the Cards

 Posted:  July 23, 2014

In the linked article below by Robert Samuelson, the themes are the same:

  1. There is no balanced budget in sight.

  2. Even with favorable winds and best case scenarios the national debt will grow 7-8 trillion between 2015 and 2024 (in the 27-30 trillion dollar range).

  3. The problems are caused by aging population and rising healthcare costs.

  4. Congress in general and politicians, in particular, have failed completely to address budget
    issues.

  5. The trend is unsustainable and will result in a blowup.

  6. The trend will result in crowding out private investment, reducing living standards and
    making it unable for the U.S. to address national crisis such as war etc.

The only way to deal with this problem is to raise taxes, cut spending, set national priorities, grow up.

Since none of these is likely to happen, we may as well watch television and wait for the blowup. Politicians are unable and unwilling to face issues and the public has their heads in the sand or other places it shouldn’t be.

Since the Americans who pay taxes already pay too much, let’s elect a different Senator this time than Tom Udall. He loves to spend, loves to tax, loves to borrow, loves to print money and spend that too. If you care about any kind of budget at all, a hard thing to do, Tom Udall ain’t your guy.

We can argue about priorities later. Let’s start by putting people into office that tell us what we need to hear, not what we want to hear. Seniors need to hear that they are crushing the young. Environmentalists need to hear that nature is not more important than economics. Oil men need to hear that we want them to clean up their act and leave the land as clean as it was before they drilled. People living in poverty need to hear that they have to do something for the benefits they get that someone else paid for. Congress needs to hear that we want them to quit crony capitalism and let the free enterprise system work. The Federal government needs to hear they can’t be tapping phones, reading personal E-mails and using drones to blow up people.

Tom Udall won’t tell you what you need to hear. That isn’t his game. He tells you what you want to hear.

It won’t change in Washington until we change who we send there.

Full article here >>>.


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