Friday, April 27, 2012

The Coming Budget Disaster

A well done video explaining why the federal budget problem is simply beyond any of the relatively painless solutions such as tax hikes or small reductions in spending.




As he points outs, the mandatory programs (the one that existing federal law requires Congress to fund) are already above the amount of revenue that the federal government receives.  This is going to hurt.  The alternative is far more scary.

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