CBO director says government can't afford business as usual

09/14/2011 | Los Angeles Times (tiered subscription model)

The federal government cannot afford to provide services such as health care and Social Security while keeping tax rates low, Congressional Budget Office Director Douglas W. Elmendorf told the congressional deficit-reduction committee. The CBO will need to see a deficit-reduction plan by early November in order to issue an assessment of the plan before the Nov. 23 committee vote, Elmendorf said.

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