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Economics as public policy
USA Today (Society for the Advancement of Education), March, 2005 by Murray Weidenbaum
By no means does this exhaust the serious economic issues facing the Federal government. Social Security, for example, is a program where Congress has promised more benefits than the Social Security taxes it has levied to finance the program. The real culprit is demographic rather than political. Americans are living longer and retiring earlier. Once the public comes to accept these economic facts of life, then people may be more receptive to considering specific reforms.
Murray Weidenbaum, Economics Editor of USA Today, is Mallinckrodt Distinguished University Professor and honorary chairman of the Weidenbaum Center on the Economy, Government, and Public Policy, Washington University, St. Louis, Mo.
COPYRIGHT 2005 Society for the Advancement of Education
COPYRIGHT 2005 Gale Group
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