Do Nothing!
Posted: June 23rd, 2011 | Author: bryanng | Filed under: politics
Interesting tidbit from the non-partisan Congressional Budget Office – if Congress does nothing and follows the laws currently on the books, meaning Bush tax cuts expire when scheduled and Obamacare is fully implemented, our country’s long-term debt problem stabilizes. If the GOP gets its way and the Bush tax cuts are extended and Obamacare is repealed, the debt explodes.
This was in the CBO’s long-term budget outlook.