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For the past seven years, the most prominent federalcrime-prevention initiative has been the Community OrientedPolicing Services (COPS) program, which gives grants to state andlocal law enforcement agencies to help them reduce crime byincreasing community policing services.
With personal accounts, the baby boomers would have been even wealthier today.
After adjusting for inflation, Social Security's unfunded liabilitybetween now and 2075 has risen to $19.8 trillion.
The Bush Administration's budget for fiscal year 2004 recommendsmajor changes at the U.S. Department of Justice. Among theAdministration's proposals are that hiring grants administered bythe Office of Community Oriented Policing Services (COPS) beeliminated in FY 2004 and that overall funding for COPS be reducedto retarget funding for more urgent priorities.
The labor market's perceived weakness has led to calls for anotherextension of temporary unemployment insurance benefits, but thiswould increase spending by roughly $1 billion per month and isunnecessary given the demonstrated strengthening of the labormarket. Any extension of jobless claims generates exactly the wrongincentives and increases the average duration of unemployment forthose who qualify.