The Phantom Surplus

Brief

The Phantom Surplus

Commentary
January 28, 2000

Abstract

[New York Times] The Congressional Budget Office's new projections have whetted the appetite of many a lawmaker who feels starved after a decade of fiscal dieting. According to the budget office's estimates, the surplus could be as large as $1.9 trillion over the next decade. With such a large surplus, politicians may be unable to resist the urge to splurge. Tax cuts, prescription drugs for the elderly, beefed-up defense, help for the medically uninsured, expanded aid for education suddenly may all seem affordable.

To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.

LATEST IN Economic Growth and Productivity

To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.