Congress focused on 'wrong part' of budget in shutdown fight: Ex-CBO director▼

Business

Published 72d ago

<p>Former Congressional Budget Office Director Doug Holtz-Eakin raised significant concerns regarding the federal budget and the trajectory of the national debt. He cautions that the current spending trajectory is &quot;unsustainable&quot; and highlighted entitlement programs as &quot;the real issue.&quot; He criticized Wednesday&#39;s GOP debate for focusing on discretionary spending rather than reforms needed for expensive entitlements like Medicare and Social Security.</p> <p>&quot;If you&#39;re 55 and planning to retire in 10 years, you have no idea what your Social Security check&#39;s gonna look like. You cannot make a reasonable financial plan,&quot; Holtz-Eakin tells Yahoo Finance adding, &quot;that&#39;s disgraceful. Social Security is past due for getting fixed by the Congress.&quot;</p> Source