Annual GAO Report Says Federal Government Spending Is 'Unsustainable'
1/18/13
by Renee Nal
A newly released GAO report finds that "...absent policy changes...the federal government continues to face an unsustainable fiscal path." The Government Accountability Office completed its annual audit of the government and the news is just sad. It is no surprise, and it won't be reported by the mainstream media [properly], but it is sad nonetheless.
...
To add insult to injury, President Obama has repeatedly made it clear that he is not interested in negotiating with Congress over raising the debt ceiling. The GOP has repeatedly asked to negotiate spending cuts and entitlement reform, but despite Obama's position in 2006 that raising the debt ceiling was a sign of "leadership failure," he has clearly changed his mind while he holds the purse strings.
The GAO report should be a wake-up call.
Annual GAO Report Says Federal Government... | Gather
1/18/13
by Renee Nal
A newly released GAO report finds that "...absent policy changes...the federal government continues to face an unsustainable fiscal path." The Government Accountability Office completed its annual audit of the government and the news is just sad. It is no surprise, and it won't be reported by the mainstream media [properly], but it is sad nonetheless.
...
To add insult to injury, President Obama has repeatedly made it clear that he is not interested in negotiating with Congress over raising the debt ceiling. The GOP has repeatedly asked to negotiate spending cuts and entitlement reform, but despite Obama's position in 2006 that raising the debt ceiling was a sign of "leadership failure," he has clearly changed his mind while he holds the purse strings.
The GAO report should be a wake-up call.
Annual GAO Report Says Federal Government... | Gather