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Guess What Is Unsustainable?

July 14, 2009

Last month the CBO said in a statement in the Long Term Budget Outlook,

“current policies are unsustainable”. Simply, all the Bush tax cuts are gone and the AMT will gut the Middle Class.

Next year our debt will exceed 60% of our total economic output.

In 2023,our debt will exceed 100% of GDP.

The killer: Starting in 2060’s projected deficits become so large and unsustainable that CBO’s textbook growth model cannot calculate the effects.

I remember when Liberals criticized Bush for taking a ‘surplus’ and making it go away. What do they say about Obama’s single handed destruction of our budget future?

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