TITLE

Our Kids Will Pay the Bill

AUTHOR(S)
Samuelson, Robert J.
PUB. DATE
January 2004
SOURCE
Newsweek (Atlantic Edition);1/12/2004 (Atlantic Edition), Vol. 143 Issue 2, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Comments on the potential impact on the U.S. economy of the federal budget deficit. Observation that, despite a report by the Congressional Budget Office that the budget is drifting into a future of unprecedented tax increases, huge deficits, or both, Washington politicians seem to be ignoring the problem; Claim that both Republicans and Democrats will gladly worsen tomorrow's problems to win more of today's votes; Argument that increased spending for Social Security, Medicare and Medicaid is not sustainable; Analysis of projections of government spending in 2030; Discussion of why federal taxes will have to rise unless spending is sharply cut; Challenge of financing the retirement of baby boomers; Argument that benefits for retirees should curtailed to avoid burdening younger generations.
ACCESSION #
11974935

 

Related Articles

  • Our Kids Will Pay the Bill. Samuelson, Robert J. // Newsweek (Pacific Edition);1/12/2004 (Pacific Edition), Vol. 143 Issue 2, p9 

    Comments on the potential impact on the U.S. economy of the federal budget deficit. Observation that, despite a report by the Congressional Budget Office that the budget is drifting into a future of unprecedented tax increases, huge deficits, or both, Washington politicians seem to be ignoring...

  • Our Kids Will Pay the Bill. Samuelson, Robert J. // Newsweek;1/12/2004, Vol. 143 Issue 2, p41 

    Comments on the potential impact on the U.S. economy of the federal budget deficit. Observation that, despite a report by the Congressional Budget Office that the budget is drifting into a future of unprecedented tax increases, huge deficits, or both, Washington politicians seem to be ignoring...

  • Insurers whack elderly to celebrate new year.  // Massachusetts Nurse Advocate;Feb2008, Vol. 79 Issue 2, p2 

    The article discusses the premium increase of almost 25 percent in the prescription drug insurance for senior citizens in 2008 in the U.S. It presents an overview of the first two years of the nation's drug plan, showing much lower insurance costs than projected by the Centers for Medicare and...

  • D for Doomed? Huang, Wendy; Mozeson, Mark; Pesile, Jason // Pharmaceutical Executive;May2006, Vol. 26 Issue 5, p138 

    The article provides insights on problems associated with the implementation of the Medicare Modernization Act (MMA). According to the article, the U.S. government has underestimated the expenses involved in the implementation. Results from the Wall Street Journal/Harris Online survey showed...

  • What's new for the old.  // Crain's New York Business;10/24/2005, Vol. 21 Issue 43, p29 

    This article reports that overall health care spending by seniors in the United States is projected to increase by 75% between 1992 and 2010, according to a new study. Nearly 13% of New York's residents are over the age of 65 years, and that number is expected to rapidly multiply as the first...

  • March madness. Bontempo, Lisa // LP/Gas;Mar2011, Vol. 71 Issue 3, p64 

    The article presents the author's opinion on the issues hindering the long-term financial stability of the U.S. It notes that the Congress must be courageous and consider finding solutions to issues involving the discretionary and shorter-term funding to have long-term financial stability. It...

  • Boomers Won't Bust Us. Health Care Will. Regnier, Pat // Money;Sep2008, Vol. 37 Issue 9, p134 

    The article discusses the attitudes toward entitlements for baby boomers, such as Social Security and Medicare, and the U.S. health care crisis. Topics include the author's thoughts on solving the crisis and statistics related to the projected growth of entitlement programs which is expected to...

  • When Silence Isn't Golden. Samuelson, Robert J. // Newsweek (Pacific Edition);8/20/2007 (Pacific Edition), Vol. 150 Issue 8/9, p37 

    The article focuses on how presidential candidates in the United States would deal with the budget costs, such as retirement and healthcare, associated with the aging baby boomer generation. It is said that none of the candidates support cutting retirement benefits or raising taxes. Think tanks...

  • Is History Ready to Repeat Itself? Ferman, John H. // Healthcare Executive;Sep/Oct2006, Vol. 21 Issue 5, p44 

    The article explores the possibility that the U.S. Congress will target providers for Medicare spending cuts for 2006. The author warns that, as the Balanced Budget Act of 1997 will have its 10th anniversary in 2007, authorities will make another run at substantive Medicare and Medicaid spending...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics