The Concord Coalition is Back

January 17, 2007
The Concord Coalition is Back

THE CONCORD Coalition is back, the group of bipartisan elders founded in 1992 to sound the clarain call for budget balance. Last Sunday, the Coalition bought a full-page ad in The New York Times, warning of the costs of Social Security and Medicare and the dangers of continuing federal
deficits.

The Coalition projected the future "un funded" expenses of Medicare and Social Security at $39
trillion. The ad included an ominous chart showing mandated programs such as these plus interest
on the national debt eating up the entire federal budget in just 13 years.