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Analysis finds Obama’s budget unsustainable

March 10, 2011 Bruce Cook

Brian Riedl of the Heritage Foundation has produced a fascinating analysis of President Obama’s budget. He confirms my thinking, and that is that the budget “fails to offer a comprehensive reform of the unsustainable growth of Social Security, Medicare and Medicaid.” Riedl also found that Obama’s budget would: Permanently expand the federal government by 3 [...]

Alan Simpson: “If you spend more than you earn, you lose your butt.”

March 10, 2011 One Cent Solution

Our country has less than two years before we “face a destabilizing fiscal crisis,” says Erskine Bowles and Alan Simpson in the Wall Street Journal. “What happens to interest rates?” asked Bowles. “What happens to the U.S. economy? The markets will absolutely devastate us if we don’t step up to this problem. The problem is [...]