The Béseme Bandito (that_xmas) wrote,
The Béseme Bandito

Death and Taxes

Megan McArdle shows the numbers and how they don't add up. Our commitments for Social Security and Medicare will soon outpace the revenue the government can raise through returning taxes to the pre-Bush tax cut levels.

Ending The Bush Tax Cuts Won't Save Social Security

The pain is going to start really soon...

(BTW, the government still hasn't put together a 2011 or 2012 budget, in case you haven't been paying attention. The 2011 budget should have been completed in September of 2010...before the elections. You know, when the Democrats were firmly in charge of both chambers of Congress.)
Tags: obamarama, politics
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