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Video: Fiscal Wake Up Tour
Posted By Conn Carroll On September 18, 2009 @ 4:08 pm In Economics | Comments Disabled
Sometime next month the Senate will be forced to raise the federal debt limit beyond a record $12.1 trillion . While the current recession has exacerbated the problem, our rising national deficits are actually a structural problem a long time in the making. In the coming decades, the cost of Social Security, Medicare, and Medicaid benefits will leap from 8.4% of gross domestic product (GDP) to 18.6% of GDP—an increase of 10.2% of GDP . To educate Americans about our nation’s large and growing fiscal imbalance The Heritage Foundation has, since 2005, teamed up with the The Concord Coalition, The Brookings Institution, and former U. S. Comptroller General David Walker to encourage Americans to demand action through a Fiscal Wake Up Tour .
Today The Concord Coalition  released four video briefings from top national experts on the fiscal challenges facing the country, including the one below from Heritage Vice President for Domestic and Economic Policy Studies Stuart Butler:
You can find many of the charts used in Butler’s presentation in the 2009 Federal Revenue and Spending Book of Charts .
Last year 16 federal budget experts from seven think tanks (including: American Enterprise Institute, Brookings Institution, Concord Coalition, Heritage Foundation, New America Foundation, Progressive Policy Institute, and Urban Institute) issued a paper  concluding:
The Heritage Foundation further recommends :
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2009/09/18/video-fiscal-wake-up-tour/
URLs in this post:
 $12.1 trillion: http://thehill.com/homenews/senate/57493-senate-must-raise-debt-ceiling-above-12t
 8.4% of gross domestic product (GDP) to 18.6% of GDP—an increase of 10.2% of GDP: http://www.heritage.org/research/budget/bg2114.cfm
 Fiscal Wake Up Tour: http://www.heritage.org/research/Budget/FWUT.cfm
 The Concord Coalition: http://www.concordcoalition.org/
 2009 Federal Revenue and Spending Book of Charts: http://www.heritage.org/Research/Features/BudgetChartbook/Entitlements.aspx
 issued a paper: http://www.heritage.org/Research/Budget/wp0408.cfm
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