The coming catastrophe - The Boston Globe
"Let’s hope so, for the deficit challenge will loom like an appointment for a root canal once the recovery takes hold. Confronting it requires a recognition that tough choices simply can’t be avoided.
Indeed, Reischauer, who led CBO from 1989 to 1995, had this blunt advice for the panel.
“First, don’t waste time looking for silver bullets or new approaches that hold out the promise of painless sacrifice,’’ he said.
“There are none to be found.’’"
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