Thursday, June 3, 2010

Recommended: CBO Director's Blog

There is an interesting post by the Congressional Budget Office Director on his blog. It includes some revealing graphics about government income vs government expense, and where all that money goes -- mostly to military, entitlements, and interest payments on our growing debt.

As he says:
"The United States faces a fundamental disconnect between the services that 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"
In other words, we want it all, but we don't want to pay for it.