Tuesday, September 07, 2004
Current debt and future obligations
[Alan Fram, "CBO Projects $442 Billion Federal Deficit," Associated Press, The Wichita Eagle, 7 September 2004.]
While Kansas finances are improving, the reliance on federal funds through programs such as Medicaid may lead to trouble down the road unless changes are made soon. This year, the federal government will post its largest deficit in U.S. history:
When adjusted to erase the effects of inflation, the projected $422 billion deficit projected for 2004 would exceed the value of every annual shortfall since World War II.
And...
Though the budget office sees a healthy economy over the next two years, the report warned that the approaching retirement of the baby boom generation means that serious problems loom with growing pressure on Social Security, Medicare and Medicaid.
[Matthew Hisrich, "Staying the Course: Medicaid Reform in Kansas," The Flint Hills Center, January 2004.]
[Alan Fram, "CBO Projects $442 Billion Federal Deficit," Associated Press, The Wichita Eagle, 7 September 2004.]
While Kansas finances are improving, the reliance on federal funds through programs such as Medicaid may lead to trouble down the road unless changes are made soon. This year, the federal government will post its largest deficit in U.S. history:
When adjusted to erase the effects of inflation, the projected $422 billion deficit projected for 2004 would exceed the value of every annual shortfall since World War II.
And...
Though the budget office sees a healthy economy over the next two years, the report warned that the approaching retirement of the baby boom generation means that serious problems loom with growing pressure on Social Security, Medicare and Medicaid.
[Matthew Hisrich, "Staying the Course: Medicaid Reform in Kansas," The Flint Hills Center, January 2004.]
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