Examining the 2004 Social Security and Medicare Trustees Reports

"Today's deficits are tiny compared to the long-term debts of Social Security and Medicare"
Tuesday, March 23, 2004 1:30p.m. – 2:30p.m. B-318, Rayburn House Office Building Washington, D.C.
The U.S. Treasury Department is expected to release the 2004 Social Security and Medicare Trustees Reports soon. In the next decade, two monumental shifts will occur: 1) The first of the baby boomers will reach retirement age, and 2) Social Security and Medicare will, together, begin paying more in benefits than they collect in payroll taxes. You are invited to get the inside scoop from one of the Public Trustees and from Social Security's Deputy Commissioner as they address the most common questions you will receive from constituents and the media about the new report. For example: How has the new Medicare Rx drug law affected the long-term budget picture? What effect do the recent trends of economic growth, employment and higher productivity have on the financial outlook of Social Security and Medicare? For more information or to RSVP, please contact Matt Moore or Anna Frederick by phone (202 220-3082) or email mmoore@ncpathinktank.org.
Speakers include: Opening remarks by THE HONORABLE JIM DEMINT Congressman South Carolina DR. THOMAS R. SAVING Public Trustee, Social Security and Medicare Private Enterprise Research Center, Texas A&M University, and NCPA Senior Fellow MR. JAMES B. LOCKHART, III Deputy Commissioner Social Security Administration