November 23, 2014

The Government's Trust Deficit Overhangs the Economy

September 21, 2012
The Huffington Post

Excerpt

At the same conference Robert Bixby, the executive director at the Concord Coalition, a non-partisan, grassroots organization "advocating generationally responsible fiscal policy," amplified Bell's runaway costs, the entitlement trap, and the reality that the government's pet budgetary line item -- discretionary spending -- will go to zero.

"As the entitlements go on autopilot, it's the rising costs in health care which will double the payments for Medicare and Medicaid by 2040." He added, "This generation has been presented with significant challenges that we must begin to solve. The Federal Budget Challenge allows us to examine areas such as health-care costs, taxes, education spending, and defense spending and allows Americans to become a part of the conversation about the tough choices facing our country."