General Fund Transfers to Entitlement Programs

Testimony

General Fund Transfers to Entitlement Programs

Testimony before the Senate Special Committee on Aging
March 27, 2000

Abstract

It is ironic that the legacy that baby boomers would now bequeath is one in which almost the sole purpose of the federal government would be to care for their own consumption needs in retirement. I do not believe this legacy is intended. Yet it would come about under current law, under the Presidents proposals, and under many of the Republican and Democratic budget alternatives now being considered in Congress.

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