Jonathan Zittrain
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- Milken Institute1h 0m
Entitlements: A Collision Course With Fiscal Reality
Josh Barro, Jared Bernstein, Andrew Biggs, Chris Hughes, Maya MacGuineas, Eric Schmidt, Andrew McAfee, Jonathan Zittrain, Jared King, Nancy Gertner, David Rockefeller, Anne Coughlin, Eric Schwartzman
A panel of experts including Andrew Biggs and Jared Bernstein addressed the actuarial insolvency of Social Security and Medicare, evaluating revenue increases and benefit adjustments to close the projected 75-year shortfall. The discussion extended to expanding income support through a modernized Earned Income Tax Credit while contrasting these proposals with healthcare reforms aimed at reducing drug costs and leveraging public options. Panelists concluded that political constraints and intergenerational inequities currently prevent necessary fiscal adjustments, creating a gap between public demand for services and willingness to fund them.