Featuring Sen. Ron Johnson, (R-WI) and Member, Senate Budget Committee; and Chris Edwards, Editor, DownsizingGovernment.Org, Cato Institute; moderated by Daniel J. Mitchell, Senior Fellow, Cato Institute.
Featuring the coauthor Laurence J. Kotlikoff; with comments by Kevin Hassett, American Enterprise Institute; and Barry Bosworth, Brookings Institution.
In 2030, as 77 million baby boomers hobble into old age, how will America handle this demographic overload? How will Social Security and Medicare function with fewer working taxpayers to support these programs? In a new book, Laurence Kotlikoff and Scott Burns warn that if our government continues on the course it has set, we’ll see skyrocketing tax rates, drastically lower retirement and health benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability.