The bills are coming due

Listen to the interview with Marc Goldwein from the July 7, 2018 episode

Budget deficits and billowing debt as intergenerational warfare: America's wildly imbalanced budget priorities will spend vastly more on entitlements for the old (and interest on the debt) than it ever will on programs that benefit children.

In this interview with Marc Goldwein of the Committee for a Responsible Federal Budget, we find out that I won't even be into my 60s before the Social Security trust fund is broke. How old will you be? CRFB has other interactive tools that may very well give you some necessary nightmares, like the one that challenges you to find a practical solution to Social Security funding (good luck on that, by the way).

In the words of Margaret Thatcher: "We have first to put our finances in order. We must live within our means. The Government must do so. And we must do so as a country." She was right in her own time about her own country. But the advice is right for us, here and now.

Brian Gongol

Brian Gongol

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