America’s Looming Debt Crisis recap

On Tuesday March 5, the Center for Research on the Wisconsin Economy and Department of Economics hosted Brian Riedl, senior fellow at the Manhattan Institute. Riedl presented, “America’s Looming Debt Crisis” to the crowd of students, faculty, and community members.

Riedl’s key takeaways included:

• Deficits are Likely Headed Past $3 Trillion Within a Decade – $4 Trillion if Interest Rates Rise
• Social Security and Medicare Face a Staggering $116 Trillion Shortfall over 30 Years
• Congress is Likely to Expand Deficits Drastically in 2025
• Delaying Social Security and Medicare Reform will Inevitably Squeeze All Other Fiscal Priorities

The discussion was followed by a lively Q&A with the audience.

Thank you for your continued interest and support of CROWE. We look forward to welcoming you at future events.