“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/
(Visited 31 times, 1 visits today)
Related posts:
U.S. flies B-52 bombers over South Korea
Amid exploding wait times, California DMV operator slept 2,200 hours on the job
Girl Scouts auction off plantation amid financial troubles
Talk of the Day -- Bitcoin to be introduced in Taiwan
Duterte tells Philippine soldiers to shoot female rebels in their vaginas
'Virtual' Currencies Draw State Regulator Scrutiny
Tax Collectors Are Going After Netflix, Airbnb, Uber, Burning Man
Bankrupt Detroit Receives Less U.S. Aid Than Colombia
Sweden’s deflated economy: Sub-zero conditions
Argentina Declared in Default by S&P as Talks Fail
Europol: Police need powers to tackle virtual money laundering
Greek stocks plunge, banks hammered, after five-week crisis shut down
GM, Ford and Chrysler post best U.S. sales since 2007
Europe Puts Squeeze on Iran Regime
Merger mania returns to 2007 levels