Owe, Susannah: how much the national debt will make you cry.: An article from: Policy Review

This digital document is an article from Policy Review, published by Hoover Institution Press on January 1, 1994. The length of the article is 1999 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The national debt continues to expand largely due to the growing and overwhelming payments made to the nation's elderly. The national debt reached $4.4 trillion by the beginning of FY 1994, and the 1994 budget deficit is expected to add another $311 billion. Sixty percent of the projected growth in government spending for the ten year period ending in 2003 will be attributed to medical, Social Security and pension payments to the elderly. The only way to effectively reduce such growth is to institute means testing for entitlements to wealthy, older Americans.

Citation Details
Title: Owe, Susannah: how much the national debt will make you cry.
Author: Paul S. Hewitt
Publication:Policy Review (Refereed)
Date: January 1, 1994
Publisher: Hoover Institution Press
Issue: n67 Page: p46(3)

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