30 June 2009

What does it mean when the director of the Congressional Budget Office says:

Under current law, the federal budget is on an unsustainable path—meaning that federal debt will continue to grow much faster than the economy over the long run.

Whatever it means it doesn't seem good. A cynic might think we're just creating a perpetual crisis situation that will require the government to continue to 'fix' things for the foreseeable future (or at least until 2012).

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