March 19, 2010

No New Promises, Please

Keith Hennessey, KeithHennessey.com

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This comment is addressed to those fiscally conservative Members of the House of Representatives thinking of voting for pending health care legislation.

America is on an unsustainable fiscal path.  If we do nothing to address this, within 25 years the U.S. government will default on its debt, with devastating consequences for the U.S. economy and society.

We are on this path because past elected officials made unsustainable benefit promises and enshrined them in law.  In some cases they paid for those promises in the short run.  In all cases they created programs that would grow more generous over time.

Those past elected officials enjoyed the...

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TAGGED: budget, Health care

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