Youth and Deficit Spending

Committee members and witnesses discussed the federal budget deficit and its impact on young people. They attributed growing deficits to President Bush’s “tax cuts without offsets,” which they assert benefit mostly wealthy Americans. They also discussed the long-term effects of this growing deficit, its impact on Social Security and Medicare, and future spending on education and other social policy initiatives. Witnesses noted the general lack of concern about budget deficits among young people and methods to raise the level of awareness and concern. Witnesses responded to questions from committee members. close