
“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:
Lord Rothschild takes £130m bet against the euro
IRS official knew in 2011 of 'Tea Party' targeting: watchdog report
Hong Kong-Shenzhen connect start date not finalised yet
Brawl breaks out in Taiwanese legislature over planned nuclear plant
Bitcoins made simple: Go to an ATM
Gold Scrap Supply to Drop Up to 25% as Lower Prices Deter Sales
Obamacare for some: 49% price hike since 2014, premiums of $14,300
Mt. Gox Suitors Launch Last-Ditch Bid To Revive Bitcoin Exchange
The View From Pyongyang
U.S. and Russia to bolster ties after Boston bombings
Louvre opens Islamic art wing to the public
French president vows no fracking while he is president
Vast Greek war claims against Germany explode like a 'time-bomb'
Online freedom suffered setbacks in many countries
Puerto Rico’s Crisis Deals a Blow to Municipal-Bond Funds