Read this, and tell me what "the nation's long-term fiscal trajectory" is referring to. It's a quote from the federal Office of Management and Budget, garnered from a New York Times article today.
“The economy is still struggling; too many Americans are still out of work, and the nation’s long-term fiscal trajectory is unsustainable, threatening future prosperity."
If it is saying we are spending our way into insolvency (and it is), I agree, and most Utahns agree, and maybe most Americans.
So, why do we keep on spending? Yesterday's extension of unemployment benefits is an example. As much as we might want to make things better for workless workers, we just do not have the money. We don't have it. We have to stop. We cannot hold up one hand to acknowledge the deficit must be reduced while the other hand is pouring more bills into it.
No comments:
Post a Comment