National Center for Policy Analysis
By Veronique de Rugy
The American debt-to-gross domestic product (GDP) ratio continues to baffle
those who look for solutions. Even if lawmakers allow the Bush tax rates to
expire at the end of 2012, the debt-to-GDP ratio is still projected to increase
dramatically over the next decade. At the core of the issue, which will become
even more significant with the retirement of the baby boom generation, are
Social Security, Medicare and Medicaid. Realistic debt plans will have to
include some reform to rein in the growth of entitlement program spending if
they are to derail America's unsustainable course, says Veronique de Rugy, a
senior research fellow at the Mercatus Center.
LINK
No comments:
Post a Comment