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Article Date:
February 2008

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GAO Tells Senate: “Fiscal Outlook Is Bleak and Action Is Needed to Avoid Serious Economic Disruption”

In testimony before the Senate on January 29, 2008, the Government Accountability Office (GAO) said: “Under any plausible scenario, the federal budget is on an imprudent and unsustainable path.”1


GAO noted that it understood why Congress and the administration are focused on the need for a short-term fiscal stimulus. Obviously concerned about how much the stimulus package is going to add to the problem, GAO stressed the need for careful design of any stimulus package, noting that such a package should ... Log in to view full article.

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