k-12 Tax & $pending Climate: Reducing Federal Debt
It should be a cause célèbre among young people, she says, because they will suffer the long-term consequences if the deficit remains unchecked. Bourdeaux became director of Concord last year. She said she and others have been “rebooting” her coalition and are appealing to young people for support.
The debt issue “is getting much more salient, politically salient, and I think the key thing for young people is they need to understand the implications for their future,” she said.
“We talk about things like the Social Security shortfalls that are coming up, that are imminent, and the deficit in general, and really try to impress on young people, this is their problem,” Bourdeaux said. (The Social Security trust fund is projected to deplete reserves by late 2032, forcing benefit reductions or increased taxation or both.)
“Who do they think is going to be paying for this? And if they are not engaged, my generation, older generations, we will make them pay for it. They need to recognize that they need to be at the table as we’re having these discussions. There’s a term, ‘intergenerational theft,’ that we’re increasingly hearing and we’re increasingly talking about.”
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Related:
The average French person believes there are 6.4 workers for every retiree. The real number is about 1.8.
