dump the largest debt in world history into the laps of the next generation. Within a decade, tax increases would need to reach 7,000 per household (a 37 percent tax hike) just to balance the budget.
dump the largest debt in world history into the laps of the next generation. Within a decade, tax increases would need to reach 7,000 per household (a 37 percent tax hike) just to balance the budget.
President Bush's pledge to halve the budget deficit by 2009 distracts policymakers from the real issue of unsustainable trends in long-term entitlement spending. The president's proposal to slow Medicare's 9 annual growth rate is a good fiscal step, but the budget does not propose enough immediate and bold reforms to the quickly growing entitlement programs that threaten to overwhelm the budget.
© 2020 Inspirational Stories
© 2020 Inspirational Stories