this is what I've been saying for months folks..

THERE will be no let-up in the spending pressures pushing the budget deeper into deficit for at least four years, analysis by the Parliamentary Budget Office reveals, as a private consulting firm warns that deficits will continue indefinitely in the absence of harsh spending cuts. The PBO is preparing a report on the forces that are driving government spending higher at a faster rate than the overall economy, highlighting the role of health and welfare spending, which between them account for more than half of the growth in government outlays over the past decade.

Told ya the growth fairy was dead.

True Blue... wrote on Dec 2^nd, 2013 at 6:01am:

this is what I've been saying for months folks.. THERE will be no let-up in the spending pressures pushing the budget deeper into deficit for at least four years, analysis by the Parliamentary Budget Office reveals, as a private consulting firm warns that deficits will continue indefinitely in the absence of harsh spending cuts. The PBO is preparing a report on the forces that are driving government spending higher at a faster rate than the overall economy, highlighting the role of health and welfare spending, which between them account for more than half of the growth in government outlays over the past decade.

Don't like welfare or its recipients, do you?