The Heritage Foundation will host an event tomorrow, Wednesday February 18, entitled "Real Change or Pocket Change? The High Stakes of Entitlement Reform for Young Americans." Here's the info; click here to register: Date: February 18, 2009 Time:12:00 noon Speaker(s): Featuring Keynote Remarks by: Followed by Commentaries from: Diane Lim Rogers Alexander Hertel-Fernandez Ryan Lynch Host(s): The Heritage Foundation Details: Location: The Heritage Foundation's Lehrman Auditorium Discussions of stimulus plans and government bailouts dominate the current political debate, but our most daunting fiscal challenge is the soaring cost associated with Social Security, Medicare, and Medicaid. The unfunded obligations for these and other federal programs already impose a $175,000 debt burden on all Americans, which is seventy-five times greater than the recent federal bailout. This debt grows every year, posing an even greater challenge to the health and vigor of the economy that young Americans stand to inherit. For these reasons, it is critical that young Americans engage on this issue. Join us for an intergenerational and bipartisan dialogue about America's fiscal climate and policy options for entitlement reform.
Andrew Yarrow
Vice President and Director,
Washington DC Office,
Public Agenda
Stuart Butler
Vice President,
Domestic and Economic Policy Studies,
The Heritage Foundation
Chief Economist,
The Concord Coalition
Senior Fellow,
Roosevelt Institute,
and Social Insurance Research Assistant,
Economic Policy Institute
National Director,
Students for Saving Social Security
Tuesday, February 17, 2009
Event: Real Change or Pocket Change? The High Stakes of Entitlement Reform for Young Americans (February 18, Washington, DC)
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This debt grows every year, posing an even greater challenge to the health and vigor of the economy that young Americans stand to inherit.
Except for those years that it doesn't. Like 2008 when the outlook improved by about 12% over the 75 year window ($4.7 to $4.3 trillion).
But heck why confuse the kids with real numbers.
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