In the early 1970s, federal government expenses were less than 20% of GDP, but that was a different era and only very few want to return there. For better or worse, our society is more complex and the expectations of the community have increased. There is a case that we are moving towards a new era largely driven by the baby boomers (of which I am one) moving out of the full-time workforce but still expecting access to key services that can only be provided by the government, each iteration of which needs to perform a careful budgetary balancing act.

So, what's the best way to walk that tightrope?