Brief The Incredible Shrinking Budget for Working Families and Children
C. Eugene Steuerle
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Programs for working families and children are scheduled to shrink rapidly over the next few years, squeezed between rising expenditures on programs for the elderly and declines in tax revenues. This scenario will play out even if only modest defense and international needs are factored into the division of federal funds. Temporary deficit financing can delay the day of reckoning very little, since borrowing against the future only compounds today's problems.
Research Areas Aging and retirement Families Taxes and budgets
Tags Economic well-being Individual taxes Federal budget and economy Campaigns, proposals, and reforms Retirement policy Federal tax issues and reform proposals