Drowning in red ink

A new nonpartisan Congressional Budget Office report released today found the deficit in 2009 and 2010 will rise, only affirming that the party that has not balanced a federal budget since 1969 has a flawed fiscal policy:

However, despite the short-termimprovement, CBO predicts that, in 2009 and 2010, the deficit will riseagain to a greater share of the gross domestic product.  

“Overthe long term, the budget remains on an unsustainable path,” CBO said.“Unless changes are made to current policies, growing demand forresources caused by rising healthcare costs and the nation’s expandingelderly population will put increasing pressure on the budget.”

HouseMajority Leader Steny Hoyer (D-Md.) said the latest CBO report“reaffirms that Republican policies have created deficits as far as theeye can see.”

Yes, rising health care costs will be a huge problem, because the current system does not value preventive care.  Preventive health care would save money in the long run.