Yes – he really did say that

Today the CBO reported that the fedaral budget is on an unsustainable path. I’ll say!

Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-term fiscal projections, rising costs for health care and the aging of the population will cause federal spending to increase rapidly under any plausible scenario for current law. Unless revenues increase just as rapidly, the rise in spending will produce growing budget deficits. Large budget deficits would reduce national saving, leading to more borrowing from abroad and less domestic investment, which in turn would depress economic growth in the United States. Over time, accumulating debt would cause substantial harm to the economy.

Joe Biden must not have read the report, because today while speaking to the AARP he said we’re going bankrupt, and the only way to stop is to spend more money. Yes, he really said that.

“And folks look, AARP knows and the people with me here today know, the president knows, and I know, that the status quo is simply not acceptable,” Biden said at the event on Thursday in Alexandria, Va. “It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it the way we have it now. It can’t do it financially.”
 
“We’re going to go bankrupt as a nation,” Biden said.
 
“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that’s what I’m telling you.”

It would be funny if it weren’t so damned tragic. And why on earth is the AARP supporting this plan? Or I should say, why do the AARP members support this plan? They’re the very people the democrats need to die in order to pay for everybody else. It’s almost too much to stand.