Recent and proposed fiscal policies--the tax cuts, proposals to make them permanent, and the Medicare prescription drug bill--will hurt economic prospects for most of today's children and all future generations. The programs will leave economic growth largely unchanged, but will redistribute

Tax cut advocates favor lower taxes and smaller government, but so far they've gotten lower taxes and bigger government. In this Marketplace commentary, Len Burman argues that the resulting deficits will translate into much higher taxes in the future, especially on those with high incomes. In the

Management theory holds that the major goals for an organization need to be clearly specified and few in number. When workers are given multiple goals, it is often hard to distinguish among them. Failure to achieve primary goals also becomes easier when one has the excuse that he was working on the

Over a permanent horizon, the fiscal gap now exceeds 7 percent of GDP under the CBO baseline and 10 percent of GDP under an adjusted baseline, substantially higher than a year ago. Allocating the fiscal gap to different programs is not straightforward, though. Most government programs are intended