Catastrophic Budget Failure

by news on December 2, 2010

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Catastrophic Budget Failure

Len Burman/Urban Institute (2009) – CBO, famous for understatement, concludes that “current policies are unsustainable.” This is true whether it looks at the Obama administration’s official budget or a future in which all of the Bush tax cuts expire and the middle class gets swallowed by the alternative minimum tax. What CBO means is, either way, we are doomed.

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