Wednesday, November 11, 2009

Hammer. Nail. Head.

Doug Elmendorf, Director of the Congressional Budget Office, fired a shot across the bow regarding fiscal policy in this country. Money quote:
The country faces a fundamental disconnect between the services the 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.

That's about as accurate and succinct as it gets.

(HT: EK)

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