Calling on Congress to stop the debt tsunami

WASHINGTON POST, 12/18/2009 by David S. Broder (Hat tip: John H. Detweiler) - The 34 names are familiar to anyone who has followed economic policy in Washington for the past generation, one-third of them former chairmen or members of key committees of Congress, seven of them former directors of the White House Office of Management and Budget, two of them former comptroller generals of the United States, seven of them former directors of the Congressional Budget Office, and one of them -- Paul Volcker -- a former chairman of the Federal Reserve System and now an adviser to President Obama. ∴ Both political parties are well represented in their number. But they came together this week as signatories of a nonpartisan manifesto, essentially a stark warning to the president and Congress and a plea for action on behalf of the next generation. Read more at the Washington Post...

John recommends reading the Peterson-Pew Commission on Budget Reform warning. Red Ink Rising: A Call to Action to Stem the Mounting Federal Debt