Posted by: arnegrim | October 4, 2011

“”I would submit that, in setting tax and spending policies for now and the future, policymakers should consider at least four key objectives. One crucial objective is to achieve long-run fiscal sustainability. The federal budget is clearly not on a sustainable path at present. The Joint Select Committee on Deficit Reduction, formed as part of the Budget Control Act, is charged with achieving $1.5 trillion in additional deficit reduction over the next 10 years on top of the spending caps enacted this summer. Accomplishing that goal would be a substantial step; however, more will be needed to achieve fiscal sustainability.””

http://www.npr.org/blogs/thetwo-way/2011/10/04/141039233/bernanke-economic-outlook-has-deteriorated?ft=1&f=1001

This has been expressed by many of the citizens (one of the main tenets of the Tea Party)… will it FINALLY sink in?

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