Monday, October 30, 2006

Economics and Then Some

Michael Barone talks to M&B about good news and a train wreck:

I was off the campaign trail for an interview late last week with Office of Management and Budget Director Rob Portman on the budget. He has good news and bad news. The good news is that the budget deficit has gone down far more than any model has predicted and seems headed to go down even further. The bad news is that in the longer term, we face a "train wreck" with rising spending on entitlements–Social Security, Medicare, and Medicaid.

Read the rest here.

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