Sunday, May 27, 2018
News Roundup

Big gap in spending on young, old

The numbers we present here

may seem very straightforward.

But they're not. As we discussed

them with experts all along the

ideological spectrum, several of them raised warning flags about taking

these figures uncritically.

For starters, choosing which factors to count, and which to exclude, can make a difference. As we see in these tables, adding in state and local expenditures greatly reduces — but certainly doesn't eliminate — the spending gap between elderly recipients and children.

And boiling it down to a zero-sum game between young and old can make it seem as if those were the only choices. Indeed, other portions of the federal budget could be targeted instead, from defense spending to interest on the debt. Or people might be willing to pay higher taxes for government to do more.

Perhaps most crucially, if you spend dollars on the old, that can indirectly aid the young, and vice versa.

Imagine you're a teenager. If the government didn't spend Social Security on your elderly grandfather or your disabled brother, your parents would have to pick up the slack — and your parents would have less money to spend on you. The reverse is also true: If your local government didn't spend money on your public school, your grandfather might have to shell out more money for your education, which would reduce the money he can spend on food and housing. Or perhaps you wouldn't be well educated at all and would be less likely to become a productive member of society. It has been estimated that spending three dollars for an elder saves one dollar for a child, and vice versa.

Finally, some experts suggest that the issue isn't spending on the elderly versus spending on children. Rather, it's a question of what policies can promote high employment and growth versus policies that promote consumption today.

Louis Jacobson, Times staff writer

Based on interviews with Eugene Steuerle, Julia Isaacs, Katherine Toran, Caleb Quakenbush (Urban Institute); Henry Aaron (Brookings Institution); Timothy Smeeding (University of Wisconsin); Douglas

Besharov (University of Maryland); Regan Lachapelle (Center on Budget and Policy Priorities), Chris Edwards, Jagadeesh Gokhale (Cato Institute).

Comments
Former President George H.W. Bush hospitalized in Maine

Former President George H.W. Bush hospitalized in Maine

BIDDEFORD, Maine — A spokesman for former President George H.W. Bush says the 93-year-old was experiencing low blood pressure and has been hospitalized. Spokesman Jim McGrath tweeted just after 2 p.m. Sunday that Bush will likely remain in the hospit...
Updated: 2 hours ago
None injured in Trinity rehab center fire

None injured in Trinity rehab center fire

TRINITY — No one was hurt Sunday morning after a fire broke out at a rehabilitation center.According to Pasco County Fire Rescue, Trinity Regional Rehab Center at 2144 Welbilt Blvd. is running on generator power after the blaze broke out about 10:30 ...
Updated: 2 hours ago
Part of Tampa’s Bayshore Boulevard closed through at least 5 p.m.

Part of Tampa’s Bayshore Boulevard closed through at least 5 p.m.

Both southbound lanes of Bayshore Boulevard between W. Barcelona and W. Rubideaux streets are closed while the Tampa Water Department repairs a water main break.The repair and roadway restoration work is expected to be completed by 5 p.m. Sunday but ...
Updated: 3 hours ago
Meteorologists are calling Alberto a ‘subtropical storm.’ What the heck is that?

Meteorologists are calling Alberto a ‘subtropical storm.’ What the heck is that?

We’re all waking up to the impacts of Alberto: dreary rain, gusty wind, the reluctant change of Memorial Day plans.But while the effects are routine for storm-weathering Floridians, the category of storm Alberto falls into is a little less familiar. ...
Updated: 3 hours ago

Temple Terrace applauds progress on downtown project

TEMPLE TERRACE — A round of applause from the audience followed the recent vote by the Temple Terrace City Council to negotiate a contract with a company that plans to build and manage luxury apartments in the long-idle downtown redevelopment area.Th...
Updated: 5 hours ago
Troopers looking for driver in New Port Richey fatal hit-and-run

Troopers looking for driver in New Port Richey fatal hit-and-run

NEW PORT RICHEY — Florida Highway Patrol troopers are looking for a driver who hit and killed a 46-year-old bicyclist then drove from the scene.Shawn Michael Grady, of New Port Richey, was biking south on Rowan Road south of Massachusetts Avenue abou...
Updated: 6 hours ago
FHP: 30-year-old motorcyclist killed in Hudson crash

FHP: 30-year-old motorcyclist killed in Hudson crash

HUDSON — A 30-year-old man died after he was struck by a car and thrown off the motorcycle he was riding.According to the Florida Highway Patrol, Derek Fingerle, of Hudson, was traveling south on U.S. 19 in the center lane about 8:20 p.m. Saturday. M...
Updated: 6 hours ago
A wet Memorial Day weekend continues as Alberto treks north

A wet Memorial Day weekend continues as Alberto treks north

Subtropical Storm Alberto continued its trek north-northeast overnight and is expected to make landfall in the northern Gulf Coast late Monday.The storm was about 85 miles north of the Dry Tortugas as of Sunday morning, producing winds up to 40 mph a...
Updated: 9 hours ago
Rays journal: After Alex Colome trade, Rays’ closer situation is fluid, Kevin Cash says

Rays journal: After Alex Colome trade, Rays’ closer situation is fluid, Kevin Cash says

ST. PETERSBURG — The Rays have had to get creative in how they start games. Now, after Friday's trade of closer Alex Colome, they might have to get creative in how they finish them.How they handle the ninth inning going forward will be a fluid ...
Updated: 5 hours ago
Vegas envy: Is Tampa Bay ready for a Vegas’ birth-to-best story?

Vegas envy: Is Tampa Bay ready for a Vegas’ birth-to-best story?

What in the name of the 0-26 Bucs is going on here?The breathtaking Vegas Golden Knights are the greatest expansion team in professional sports history. They are the best (or worst) thing to ever happen to our games, having won 51 times during the re...
Updated: 8 hours ago