Making a Bad Budget Situation Worse
http://www.msnbc.msn.com/id/5943452/site/newsweek/
While both candidates talk about shrinking the federal deficit,
neither has addressed what this columnist sees as the nation's largest
budget problem: controlling federal retirement spending
By Robert J. Samuelson
Updated: 12:57 p.m. ET Sept. 8, 2004
Let's note, just for the record, that both President Bush and Sen.
John Kerry have evaded the nation's largest budget problem:
controlling federal retirement spending, mainly Social Security and
Medicare. Partisans extol their candidates' honesty and courage, while
both duck hard political choices. They propose new spending programs
and tax breaks for education, health care, homeland security and
worker training. All sound beguiling, but all would—over the long
run—make a bad budget situation worse.
Robert J. Samuelson
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