The President is expected to announce plans to cut the deficit in half. That is fantastic. I’d prefer a balanced budget with no deficit, but hey, beggars can’t be choosy about such things. Here is the article with this idiocy from a known Dem who is supposedly “nonpartisan”:
Is it achievable? Yes,” said Robert Reischauer, former head of the nonpartisan Congressional Budget Office who is now president of the Urban Institute. “Is it likely to occur? No. Is it sustainable? Probably not, because the world turns worse” at the end of this decade. That is when the 76 million baby boomers will begin drawing on Medicare and other costly income support programs, likely pushing federal deficits ever higher.
Don’t you love that mindset. People getting old will make the world a worse place. Of course that ignores that the U.S. population will stay relatively young compared to the rest of the world. We are one of the very few countries that appears on track to reverse a population decline based on birth rate. Europe and China appear to be in decline because they aren’t having enough kids to offset the death rate. We, however, are offsetting the death rate.