Well the "give me" crowd will not like the latest news from the international stage.
Will obama obey his handlers or will he continue down that dangerous road of entitlements?
To Contain Future Budget, US Must Raise Taxes By 35%, Cut Entitlements 35% - Real Time Economics - WSJTo restrain the U.S.’s future budget crisis, the federal government must raise taxes by at least 35% and cut entitlements such as health care and Social Security by 35%, International Monetary Fund economists warned Monday in a new working paper.
While the projected ballooning of future costs of entitlements as the so-called baby boomer generation enters old age isn’t new, the IMF paper’s quantifying just how much the federal government will have trim its balance sheets sheds fresh light on the political hurdles ahead.
Will obama obey his handlers or will he continue down that dangerous road of entitlements?
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