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Taming the Deficit: Saving Our Children from Themselves

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  • Dean Baker
  • David Rosnick

Abstract

Many proponents of conservative fiscal policies talk of the budget deficit as being a matter of intergenerational equality. However, this paper shows the younger generations (and those yet to be born) will contribute more to the deficit than older generations. This analysis uses data from the CBO Long-Term Budget Outlook and the authors' calculations to show that the driving force behind the deficit is our broken health care system and that this should be the focus of the debate.

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Bibliographic Info

Paper provided by Center for Economic and Policy Research (CEPR) in its series CEPR Reports and Issue Briefs with number 2009-48.

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Length: 7 pages
Date of creation: Dec 2009
Date of revision:
Handle: RePEc:epo:papers:2009-48

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Keywords: budget deficit; deficit; healthcare; health care; fiscal responsibility;

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