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Congress Slowly Getting Message on Entitlement Reform

Posted By Conn Carroll On February 4, 2008 @ 4:32 pm In Economics | Comments Disabled

Responding to a question on the possibility Congress will tackle entitlements this year OMB Director Jim Nussle highlighted the work if former Comptroller General of the United States David Walker’s “Fiscal Wake Up Tour” including:

This “fiscal wake-up tour” I think has been one that has been waking up members of Congress. And you see that in a bipartisan way. They may not want to tackle it exactly the way we have laid it out in this budget. They may not want to tackle all of the amount — the magnitude that we’ve asked to tackle in this budget. But Congress needs to know that every year they delay, the problem gets harder; every year they delay, the amount gets bigger; every year they delay, it becomes closer to the time when this unfunded obligation is actually going to collapse on the country and the fiscal budget.

[youtube]http://www.youtube.com/watch?v=qN8Vc-p-xYU[/youtube]


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