
“This bill, also championed by the youth-led ‘The Can Kicks Back’ campaign, would make it more difficult for Washington politicians to kick the can down the road by providing information about the long-term impact of today’s unsustainable fiscal policy. Specifically, the INFORM Act would expose two important but often ignored realities. First, with an aging population, rising healthcare costs and mounting interest expense, federal spending is set to automatically and dramatically increase the ‘mandatory’ part of our budget. Second, young people and future generations will disproportionately shoulder the burden of our fiscal imbalance.”
http://blogs.reuters.com/great-debate/2013/07/24/to-help-end-budget-gimmicks-pass-this-bill/
Related posts:
Cops Bust Prostitution Ring ... at Senior Citizen Home
Argentina’s primary elections: Bad dress rehearsal
Americans Overwhelmingly Opposed to Endless US Military Interventions
‘Beats paying $10K’: Uninsured opt for Obamacare fine over coverage
South Korea's $4 Million Teacher
U.S. Scrutiny for Banks Shifts to Commerzbank and Germany
Bond Funds Lose $30.3 Billion in August in Big ‘Shift’
Cop shoots elderly man after mistaking cane for gun
JPMorgan CEO Jamie Dimon to Analyst: 'That's Why I'm Richer Than You'
Swiss pilot cleared to finish solar plane trek across U.S.
Jim Bovard: The great farm robbery
Medical research on animals often biased, scientists warn
Problems for bitcoin in China as HK trader goes down
Bitcoin supporters promise banking 'revolution'
Developing Detroit: Billionaires say city is worthy of investment