And those retirees are going to draw Social Security checks and use Medicare for a longer period because their expected lifetimes will increase. And to achieve that longer lifetime, those boomers will be using expensive advanced medical technology. Sure, but the CBO says that a lot of the future budgetary pain could be eased if government acts now by using most, if not all, the accumulating surpluses to pay down debt. But paying down debt doesn't make a very catchy campaign advertisement. The nation is enjoying robust economic health now.
Employment is up.
Inflation is down. And surpluses are projected for years to come. Both George W. Bush and Al Gore are promising tax cuts based on money that's not in the bank. All rights reserved.