NEW
YORK, May 8, 2024 /PRNewswire/ -- Today,
John Gardner, Vice President, Public
Policy at the Committee for Economic Development (CED), the public
policy center of The Conference Board, released the following
statement:
The 2024 Social Security and Medicare Trustees reports demand
action: The Debt Crisis is here, and Congress must urgently act to
address the solvency of the Trust Funds. While
stronger-than-expected economic growth in 2023 slightly improved
the financial projections for these programs, long-term demographic
changes pose structural challenges for vital retirement and
healthcare benefits for seniors and the disabled.
We reiterate our call for a bipartisan Congressional Commission
on Fiscal Responsibility to consider comprehensive and sustainable
solutions and urge Congress to adopt solutions both to avoid the
short-term insolvency of the Social Security OASI Trust Fund and
put the Social Security and Medicare Trust Funds on sound financial
footing to preserve these crucial programs for current
beneficiaries and future generations of Americans.
About The Conference Board
The Conference Board
is the member-driven think tank that delivers Trusted Insights for
What's Ahead™. Founded in 1916, we are a non-partisan,
not-for-profit entity holding 501 (c) (3) tax-exempt
status in the United
States. www.ConferenceBoard.org
The Committee for Economic Development (CED) is the public
policy center of The Conference Board. The nonprofit, nonpartisan,
business-led organization delivers well-researched analysis and
reasoned solutions in the nation's interest. CED Trustees are chief
executive officers and key executives of leading US companies who
bring their unique experience to address today's pressing policy
issues. Collectively, they represent 30+ industries and over 4
million employees. www.ced.org
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SOURCE Committee for Economic Development of The Conference
Board (CED)