With federal spending, it's long-term reform that matters. Spending is too high today, but it's set to explode in just a few years. Reforming entitlements must be the priority.
Despite many worthwhile ideas, entitlement reform is not the priority in the President's just-released FY 2007 budget proposal, concludes budget expert Brian Riedl.
Bush's budget holds the line on discretionary spending while eliminating or reducing funding for 141 failed, wasteful, or outdated programs. That's a good step. Slowing the growth of Medicare is also a good fiscal idea.
Bush's budget lays out a good framework for 2007. But will the President hold Congress to it?
Read:
The President's Budget: Strong on Short-Term Spending, But Long-Term Challenges Remain by Brian M. Riedl
Extra! Federal Spending by the Numbers by Brian M. Riedl
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