To a comment left on a post on state budget cuts I made the other day at Blue Mass Group, I suggested that federal stimulus dollars might only exacerbate the structural problems in the Commonwealth’s budget because money that flows in this year that is applied to operating expenses will, eventually, have to be supplemented once federal stimulus is off the table. As I wrote,
Relying on federal money to close an FY10 budget gap would simply be kicking the difficult decisions we need to make down the road.
Well, now, in a meeting with the Washington Post’s editorial board, President-elect Obama had this to say when discussing Social Security, Medicare and the country’s long-term budget deficits:
What we have done is kicked this can down the road. We are now at the end of the road and are not in a position to kick it any further.
It’s scary, isn’t it? It’s almost like we’re one mind.