But these perspectives need to be appropriately informed by economic analysis – and, as I’ve argued, that kind of support requires a broad range of skills to be effective. Second, I view geographic diversity as a necessary ingredient to generating valuable intellectual diversity across the System.
Among the primary forces putting upward pressure on the deficit is the aging of the US population, as the number of persons expected to be working and paying taxes into various programs is rising more slowly than the number of persons projected to receive benefits.