Its very simple says Michael Boskin – as he said in 1986, and he says again – “Too Many Promises.” Simple reforms to Social Security and a shift to premium based Medicare together with a broader tax base and lower tax rates is necessary – but so is critical investment.

Its very simple says Michael Boskin – as he said in 1986, and he says again – “Too Many Promises.” Simple reforms to Social Security and a shift to premium based Medicare together with a broader tax base and lower tax rates is necessary – but so is critical investment.