Shrinking Budget Surplus

Shrinking Budget Surplus

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...

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

Robert Bixby

executive director of the Concord Coalition

Mark Wilson

of the Heritage Foundation

Robert Greenstein

founder and executive director of the Center on Budget and Policy Priorities.

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