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Sunday Forum: The Debt Bomb

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Publication Date: September 2008

Publisher(s): Tax Policy Center

Author(s): Rudolph G. Penner

Special Collection: John D. and Catherine T. MacArthur Foundation

Topic: Economics (Economic theory)

Keywords: Elderly; Economy; Federal Budgets & Fiscal Policy; Retirement/Pensions

Type: Report

Abstract:

Pittsburgh Post-Gazette op-ed, September 28, 2008. The current financial crisis poses a severe threat to the economy, but it also creates a tremendous opportunity, writes Rudolph Penner in the Pittsburgh Post-Gazette. It gives politicians cover for undertaking painful actions to get the long-run deficit under control-actions that should have been taken long ago.