TITLE

Thoughts on Economic Future

AUTHOR(S)
Rivlin, Alice M.
PUB. DATE
April 2003
SOURCE
Business Economics;Apr2003, Vol. 38 Issue 2, p20
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
As always, the short- and intermediate-term outlooks are uncertain, but what is certain is that the aging of the U.S. population will put an expanded demand on federal government expenditures. An optimistic view of the U.S. economy is that U.S. growth will soon resume the strong growth of the 1990s. However, even if this view is correct, it does not imply that it is appropriate to increase the structural budget deficit by lowering taxes. The looming social expenditures implied by the aging of the population suggests that anything that might increase the structural deficit should be put on hold until other, more urgent problems, are successfully addressed.
ACCESSION #
9917929

 

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