On Thu, Jul 16, 2009 at 4:59 PM, Gruss wrote: > > Under questioning by members of the Senate Budget Committee, CBO > director Douglas Elmendorf said bills crafted by House leaders and the > Senate health committee do not propose "the sort of fundamental > changes that would be necessary to reduce the trajectory of federal > health spending by a significant amount." >
and from the Director of the CBO's blog: http://cboblog.cbo.gov/?p=328 Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-term fiscal projections, rising costs for health care and the aging of the population will cause federal spending to increase rapidly under any plausible scenario for current law. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:300464 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
