Wednesday, June 16, 2010

Something to think about.

Caroline Baum has one explanation that is illustrated in the title of her column. The title is: "I Want It All, Even Better If You Pay for It." She says that you can pick up any newspaper and see a story of "someone somewhere losing a government benefit and enduring a hardship as a result." When we read the story, it tugs at our heart strings and so we ignore that we are using deficit financing to provide for a mother. Ultimately, what we are doing will be dangerous to her child's health.

She is not the only person saying this. Listen to what Douglas Elmendorf, director of the non-partisan Congressional Budget Office recently posted on his blog. "The United States faces a fundamental disconnect between the services that people expect the government to provide, particularly in the form of benefits for older Americans, and the tax revenues that people are willing to send to the government to finance those services."


I lifted the above from this web site, emphasis mine;
http://bl125w.blu125.mail.live.com/default.aspx?wa=wsignin1.0

Mervi

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