GAO: Nation On The Road To Financial Ruin

The non-partisan Government Accounting Office has issued a stark report. It will be difficult to blame its findings on chicken-little democrats.

GAO: Nation On The Road To Financial Ruin

"Simply put, our nation's fiscal policy is on an unsustainable course. As long-term budget simulations by GAO, the Congressional Budget Office, and others show, over the long term we face a large and growing structural deficit due primarily to know demographic trends, rising health care costs, and relatively low levels of federal revenues as a percent of GDP. Continuing on our present path will gradually erode, if not suddenly damage, our economy, our standard of living, and ultimately our national security. It will also increasingly constrain our ability to address emerging and unexpected budgetary needs.