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Thursday, January 13, 2011

CBO Director, Taming Budget Deficits, Reality Check

Congressional Budget Office Director Elmendorf's blog on 1/9/11 about reducing the budget deficit notes the need for actions that would "affect popular programs or people’s tax payments." I think this is a good explanation of the reality that is upon us.

I'm puzzled as to why I'm getting a new tax cut for 2011 through my Social Security payments.

The more tax cuts we get, the more we come to not only view them as the status quo, but either want more or Congress wants to give us more.

We really are past due for a reality check!

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