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To ensure long-run real GDP growth and a reduction in the budget deficit, the United States Congress and Senate should make permanent President Bush's tax cuts, promote reform of entitlement programs, and foster favorable business policies.
Reforming Social Security. The U.S. can reduce government spending by reforming Social Security by taking steps towards its privatization, raising the age at which people become eligible for government-financed retirement benefits, and improving the way Social Security benefits are indexed for inflation. Such measures, including the use of individual, private market investments would help guarantee the program's long-term viability with as little impact on taxes and benefits as possible...
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