GN, editorial: Economic Questions Left Unanswered
With the looming $700 billion bailout of the financial industry, the next president is likely to have his hands tied in trying to reduce the federal budget deficit or prevent the approaching fiscal calamity in the Social Security and Medicare programs. Even before the bailout, however, neither John McCain nor Barack Obama offered detailed ideas for getting the federal government’s fiscal house in order.
Neither candidate is talking about the tough choices necessary to bring the federal budget back into balance while ensuring the long-term solvency of Social Security and Medicare.
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