Saturday, December 09, 2006

I said earlier I don't think we can afford 2 more years of Shrub. Here's why!

Nicole Belle at Crooks and Liars

C-Span's Friday Washington Journal had on David Walker, U.S. Comptroller of the GAO on to discuss two recent reports, one on recommendations for 110th Congress Targets for Oversight and Global War on Terror Costs (both .pdf. You can watch archives of the show here.

[...]

From the video on America's Fiscal Future:

…And even if we're able to constrain discretionary spending for the next ten years to the rate of inflation, which we haven't for a long time, we still face large and growing structural deficits in the years ahead. Bottom line? The status quo is unacceptable and unsustainable. We're on an imprudent and unsustainable fiscal path. Tough choices are required. We will not be able to grow our way out of this problem. Anybody who says that suffers from two problems. Number one, they have not studied economic history adequately; and number two; they probably wouldn't do real well at math. Because the numbers just don't add up.

There is more

Don't you just love some Bush-O-Nomics?

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