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Is the Surplus Gone?

Only Available in Archive Formats.
Is the Surplus Gone?

Is the Surplus Gone?

Is the Surplus Gone?

Only Available in Archive Formats.

Guests:

Mitch Daniels
* Head of the White House Budget Office

Robert Kuttner
* Co-founder and Co-Editor of the American Prospect

Chris Edwards
* Director of Fiscal Policy, The Cato Institute

Senator Kent Conrad
* Chair of the Senate Budget Committee

A new estimate reports that the federal budget surplus is shrinking fast and that the federal government will soon have to dip into the Social Security trust fund. It's the result of a slowing economy and President Bush's recently enacted tax cut. Is the U-S soon going to resume deficit spending? And does it really matter if Social Security funds are used to pay for other government programs?