Magazine January 26, 2009, Issue

Promises to Keep

(Fred Prouser)
And deficits before we sleep

The most important domestic-policy crisis this country faces was not discussed by either candidate in the 2008 presidential election. On the Democratic side, that is understandable. Democrats, after all, bear disproportionate responsibility for creating the problem. But the silence on the Republican side is puzzling, especially since any solution must involve individual empowerment, personal choice, and free-market incentives — core values of the GOP.

The problem: We have promises we are not going to be able to keep.

The problem starts with the baby boomers, but it doesn’t end with them. This year the boomers are signing up for early retirement under

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