Governing After Over-Promising

Brief

Governing After Over-Promising

October 18, 2012

Abstract

Consider especially the big three items driving upward the budget deficits: growth in health costs,
growth in retirement costs, and the tax cuts that keep passing our bills and related interest costs onto
future generations. One simply can't balance the long-term budget without dealing with these three.
Yet both Obama and Romney remain largely silent about what we might have to give up in these
arenas for years to come.

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