Today, the government released its 2003 Social Security & Medicare Trustees' report. This year's report explains like never before just how serious Social Security's long-term problems really are:

• Within 5 years, these programs will go from providing revenue to the Treasury to requiring funds from the Treasury.

• By 2040, these programs will consume nearly half of all federal income tax receipts.

You are invited to hear the valued insights of some of the nation's leaders on Social Security and reform, including one of the authors of this year's report, Social Security Trustee Dr. Tom Saving.

Introduction by:
Senator Lindsey Graham (R-S.C.)

Briefing by:
Dr. Thomas R. Saving, Social Security and Medicare Trustee, Director of the Private Enterprise Research Center at Texas A&M University and NCPA Senior Fellow.

James B. Lockhart III, Deputy Commissioner of Social Security.

Tuesday, March 18, 2003
2:30 p.m. – 3:30 p.m.
562 Dirksen Senate Office Building
Washington, D.C.