Taming the Deficit: Saving Our Children from Themselves

Dean Baker and David Rosnick

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

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.

Keywords: budget deficit; deficit; healthcare; health care; fiscal responsibility (search for similar items in EconPapers)
JEL-codes: E E6 E60 E61 E62 E63 E64 E65 E66 H H2 H5 H6 H60 H61 H62 H63 H68 I I1 I11 I18 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2009-12
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2009-48

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