Capitol Hill Briefing 

# Entitlement Spending Explosion: Implications for the Federal Budget, Taxpayers, and Young Americans 

Date and Time 

June 6, 2003 12 - 1:30 PM EDT 

Location 

B-338 Rayburn House Office Building 

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##### Featuring 

Featuring **Douglas Holtz-Eakin**, Director, Congressional Budget Office; **Jagadeesh Gokhale**, Visiting Scholar, American Enterprise Institute; and **Chris Edwards**, Director, Fiscal Policy Studies, Cato Institute. 

Congressional Budget Office projections show that the combined costs of Social Security, Medicare, and Medicaid will double as a share of the nation’s economy by 2040. Without reforms, those costs imply a future of either huge tax increases, or government that does little else than fund entitlements as all other spending gets squeezed out. Will CBO’s long-term projections become reality? What are the implications for young Americans?

Douglas Holtz-Eakin will discuss the latest CBO long-range spending projections. Jagadeesh Gokhale will discuss his research on measuring federal unfunded obligations and the generational trade-offs to restoring fiscal policy to sustainability. Chris Edwards will discuss the budget and taxpayer impacts of not reforming the entitlements.

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