The Bottom Line: Memo for FY2011 Budget Preparation: Positive Effects from Preannouncing Deficit Reduction
CRFB.org - The ... - October 6, 2009 - 3:40pm
Faced with massive debt burdens coming out of the economic and financial crisis – even before the retirement and health care tsunami hits – experts agree we need to get our fiscal house in order, ideally under our own steam - before changes are forced upon us by our creditors. Experts also agree that acting sooner rather than later will mean that the fiscal downsizing needed will be smaller and less painful. Is there anything we can do in the near future (like maybe next year’s budget round) without undercutting the recovery?
