7.10.2011

Don't move

Govt Debt: Not A Big Deal — CBO: If Politicians Do Nothing, The Debt Problem Goes Away « Faustian urGe

In the baseline scenario [click the link for a chart], politicians literally do nothing about the debt: let the Bush tax cuts expire; keep indexing the Alternative Minimum Tax higher; don’t raise Medicare payments. All of this will take place automatically if politicians do nothing… absolutely nothing!

As a result the debt burden stabilizes, period.

 

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