Congressional Budget Office now admits catastrophic debt ‘crisis’ inevitable for America
by: J. D. Heyes
Tuesday, September 24, 2013
From the behavior of both sides of the political aisle in Washington, you’d think that the nation’s unsustainable debt is no big deal. Otherwise, lawmakers would be clamoring to get a handle on it. But as it is, only a small, small group of fiscal conservatives is working to not only get a handle on the national debt, which is spiraling ever faster out of control, but to reform the entitlement spending that is driving the debt higher.
Obamacare is just the latest massive entitlement that is quickening the pace of America’s bankruptcy, which is why the fiscal hawks are moving to defund it. The same forces who passed that monstrosity, however, are now working overtime to not only keep it the law of the land but to make sure America goes broke funding it.
Is there anything that can impose reason on the unreasonable? Well, the Congressional Budget Office, Congress’ non-partisan fiscal watchdog, is trying. But there is only so much the CBO can do.
Like a broken record, the warnings keep coming