Estimates of the federal budget surplus are dropping. Economic forecasters agree the recent tax cut altered the budgetary outlook, but disagree on how much, and on whether it’s a problem. President Bush’s critics say it’s proof the tax cut was irresponsible; his supporters say the tax cut was the best way to anticipate an economic slowdown. A panel talks about why the surplus is shrinking and how Washington policymakers should be handling the nation’s finances.

Guests

  • Mark Wilson of the Heritage Foundation
  • Robert Bixby executive director of the Concord Coalition
  • Robert Greenstein founder and executive director of the Center on Budget and Policy Priorities.

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