The Future of the American Entitlement State (Lunch)
Tuesday, November 13, 2012 from 11:30 AM to 1:00 PM (CST)
The Illinois Lecture Series: University of Illinois innovators are bringing their visionary voices to the Chicago area. Don't miss these Urbana campus experts in your own backyard.
The Future of the American Entitlement State
November 13, 2012, 11:30 a.m. - 1:00 p.m.
Illini Center Chicago, 200 South Wacker Drive, 4th Floor, Chicago, Illinois
Featuring Jeffrey R. Brown, William G. Karnes Professor of Finance, Director, Center for Business and Public Policy The "Big Three" entitlement programs in the U.S. (Social Security, Medicare and Medicaid) are poised to grow far faster than the U.S. economy in the coming decades as a result of a three-way collision among populatin aging, rising medical costs, and the "pay-as-you-go" approach to financing. The next President will have little choice but to address these issues ina substantive way, but doing so will be fraught with both economic and political perils. In this session, we will discuss how we got here, the implications of a failure to act, and possible reforms that can return the U.S. to a fiscally sustainable path.