the 10 truths of #entitlements13
DESCRIPTION
Entitlement spending is a growing concern, one not going away anytime soon. Learn more: http://uscham.com/19Jl7yhTRANSCRIPT
ENTITLEMENTS
#entitlements13
TRUTHNo. 1:Entitlement programs are huge, expensive, and reach into every corner of American life.
#entitlements13
TRUTHNo. 2:Entitlement programs are not self-funding and are a main driver of deficits.
#entitlements13
TRUTHNo. 3:Entitlement costs are growing at an alarming rate.
#entitlements13
TRUTHNo. 4:Longer life expectancies, changing demographics, and soaring costs explain why entitlements as we know them today are unsustainable.
#entitlements13
TRUTHNo. 5:Not a single major entitlement program is projected to be financially solvent 20 years from now.
#entitlements13
TRUTHNo. 6:The cost to make these programs financially solvent for the next 75 years is almost $40 trillion.
#entitlements13
TRUTHNo. 7:Mandatory spending, entitlement programs, and interest on the debt are already squeezing out important investments in other essential programs.
#entitlements13
TRUTHNo. 8:We have nothing to fear from carefully crafted, phased-in adjustments to our entitlement programs.
#entitlements13
TRUTHNo. 9:We can reform entitlements without baseline cuts and without breaking our commitment to the nation’s seniors, people with disabilities, and the poor.
#entitlements13
TRUTHNo. 10:The biggest threat imaginable to Medicare or Social Security as we know them will be if we do nothing at all.
#entitlements13
Let’s Continue the Conversation
@USCCFemerging
/USCCFemerging
/ChamberFoundation