A Chicken (Nugget?) in Every Pot: What's at Stake in the Budget Debate
September 17, 1999
This session explored various aspects of a budget debate fueled in large part by federal agencies' projection of a $2.9 trillion surplus over 10 years. After analyzing how much of projected surplus might actually materialize, speakers explored the wisdom of various policy options, including the $792 billion tax cut approved by Congress (but facing the president's veto) and the administration's proposal to enhance Medicare drug benefits. Much of the discussion concerned what to do with surpluses generated by the Social Security payroll taxes before members of the baby boom generation began to retire.
Robert Greenstein, Executive Director, Center on Budget and Policy Priorities; William A. Niskanen, PhD, Chairman, Cato Institute.
More information available in the accompanying publication, Issue Brief No. 747.