From the Kipplinger Letter July 14, 2006.

A lower federal budget deficit also masks some not-so-good news. Sure, it's positive that Uncle Sam has to borrow less this year. But...
The long-term outlook remains downright dismal. The higher tax revenues from corporate profits overshadow a 9% increase in spending, and do zilch to avert the time bomb of Medicare and Social Security payments set to soar as baby boomers retire in the coming decades.