Analysis & Opinions - The Washington Post
How Aging, Inequality and China Make the U.S. Government Likely to Get Larger
Speaking at an event organized by Robert Greenstein, president of the Center for Budget and Policy Priorities, I argued last week that unless our values have changed profoundly in an anti-government direction, the balance of pressures from economic change will lead to an expansion of the federal budget relative to gross domestic product. This was also the conclusion of a paper released by Paul Van de Water of the center. Excellent summaries were provided by Al Hunt and David Leonhardt.
I made four arguments.
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For Academic Citation:
Summers, Lawrence.“How Aging, Inequality and China Make the U.S. Government Likely to Get Larger.” The Washington Post, September 12, 2017.
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Speaking at an event organized by Robert Greenstein, president of the Center for Budget and Policy Priorities, I argued last week that unless our values have changed profoundly in an anti-government direction, the balance of pressures from economic change will lead to an expansion of the federal budget relative to gross domestic product. This was also the conclusion of a paper released by Paul Van de Water of the center. Excellent summaries were provided by Al Hunt and David Leonhardt.
I made four arguments.
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