The Cato Institute cordially invites you to a policy forum and luncheon

Social Security, Ponzi Schemes, andthe Need for Reform

Featuring Michael D. Tanner, Senior Fellow, Cato Institute; and moderated by Robert A. Levy, Chairman, Cato Institute.

Join us for an exclusive luncheon held for Cato Sponsors, featuring a discussion with our senior fellow, Michael Tanner.

Is Social Security a Ponzi scheme? Michael Tanner will discuss how the current Social Security system works and why the program requires reform. Tanner will examine the program’s history, how the payroll tax works, the nature of the Social Security Trust Fund, and projections for the program’s future financing shortfall. He will also lay out the pros and cons of various options for reform, and explain how doing nothing will condemn our children and our grandchildren to a world of mounting debt and higher taxes.

Thursday, December 8, 2011
12:00–12:15 p.m. Registration and Reception
12:15–2:00 p.m. Policy Forum and Luncheon

Four Seasons
1435 Brickell Avenue

By invitation only.
Registration fee is $35 per person, which can be paid at the door.
To register and for further information, please contact Allison Horton at 202–789-5285 or ahorton@​cato.​org.