Is Uncle Sam Shortchanging Young Americans?Aaron Bernstein
Until recently, hardly anyone analyzed government spending in terms of age. But the more experts look, the larger the inequities seem. Some 29% of federal outlays go to people 65 and older, according to the Congressional Budget Office (CBO), while children under 18 get 7%. Even after throwing in $200 billion a year in local public school funding, the U. S. spent $4,500 apiece on its 64 million children in 1990--vs. $11,300 each on 31 million elderly.
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