State of the Economy: Entitlements
Episode Description
The U.S. economy has grown stronger and immediate issues like the fiscal cliff have been addressed, but Wharton's Kent Smetters warns that huge obligations for Medicare and other entitlements could be disastrous if they are not tackled soon. Higher taxes on the rich won't close the funding gap, and the U.S. must face the prospect of raising taxes on the middle class and cutting entitlement benefits. đź“‚ Public Policy
Brief Summary
Kent Smets discusses the stagnant economy, education reform, and the need for entitlement reform in 2013.
Key points
- The State of the Economy. Kent Smets discusses the current economic situation and future projections.
- Education as a Key Issue. The conversation shifts to the importance of education in the job market.
- Long-term Economic Solutions. Kent Smets emphasizes the need for fundamental reforms in entitlements and education.
Ask about Knowledge at Wharton
Episode highlights
- The State of the EconomyKent Smets discusses the current economic situation and future projections.“I think it’s going to sputter along.”0:50Jan 28, 2013
- Education as a Key IssueThe conversation shifts to the importance of education in the job market.“We really have an education problem.”2:01Jan 28, 2013
- Long-term Economic SolutionsKent Smets emphasizes the need for fundamental reforms in entitlements and education.“We need to have a fundamental reform to our tax code.”13:37Jan 28, 2013
Tension
40/ 100Low tension
