Cut Spending? (Cowen)

Juan de Onis indicated the article, Can´t cut spending? Look around the globe, by Tyler Cowen (NYT) . Tyler explains about the issue of fiscal responsability. For him, America’s long-run fiscal outlook is bleak, mostly because of an aging population and rising health care costs. Right now there is plenty of concern about debt and deficits, but consensus on which expenditures should be cut or reined in…see: http://www.nytimes.com/2010/04/18/business/18view.html