Intelligence Squared US

Tuesday, October 4, 2011

GRANDMA’S BENEFITS IMPERIL JUNIOR’S FUTURE

About This Debate

Commitments made to seniors decades ago failed to foresee the harsh economic realities of the present. Do entitlements saddle our children with unmanageable debt, asking them to sacrifice their future for the sake of the elderly? Social Security, Medicare, and Medicaid were created to provide a social safety net. But if we cut these programs, are we balancing the budget on the backs of the aged and sick, leaving behind society’s most vulnerable?

The Panel

For The Motion

  • Margaret Hoover
    Margaret Hoover
    FOR THE MOTION
    Margaret Hoover
    Fox News Commentator and Author, American Individualism


    Margaret Hoover is a Fox News Contributor and the author of the book American Individualism: How A New Generation of Conservatives Can Save the Republican Party. Hoover is a veteran of the Bush Administration White House, where she worked in the Office of Management and Budget and served as Associate Director in the Office of Intergovernmental Affairs. She's also worked on two presidential campaigns, at the Department of Homeland Security, and on Capitol Hill. Hoover is committed to renewing the Republican Party to enable it to connect with a new generation of Americans, by embracing a conservatism that emphasizes individual freedom and fiscal responsibility as the central pillars of conservatism.

  • Mort Zuckerman
    Mort Zuckerman
    FOR THE MOTION
    Mort Zuckerman
    Chairman and Editor-in-Chief of U.S. News & World Report


    Mort Zuckerman is Chairman and Editor-in-Chief of U.S. News & World Report and Publisher of the New York Daily News. He is also the co-founder, Chairman and CEO of Boston Properties Inc. A frequent commentator on The McLaughlin Group, Zuckerman argues, “A new era of American austerity is the only way to put things right.” A recipient of three honorary degrees and a graduate of McGill University, McGill Law School, The Wharton Graduate School of Business and Harvard Law School, Zuckerman is a trustee of Memorial Sloan-Kettering and a member of The International Peace Institute, the Bank of America Global Wealth & Investment Management Committee, and the Council on Foreign Relations.

Against The Motion

  • Howard Dean
    Howard Dean
    AGAINST THE MOTION
    Howard Dean
    Former DNC Chairman and Governor of Vermont


    In 1982 Howard Dean transitioned from a full-time practicing physician to an elected representative in Vermont, serving as Governor for 12 years. Dean left office in 2003 to run for President, implementing innovative fundraising strategies via the Internet and fundamentally changing the way campaigns are run in America. During his tenure as the Chairman of the Democratic National Committee, Dean created the “50-state strategy,” a strategy credited with helping Democrats make historic gains in 2006 and 2008. A graduate of Yale University and the Albert Einstein College of Medicine, Howard Dean currently works as an independent consultant focusing on health care, early childhood development, alternative energy and the expansion of grassroots politics around the world.

  • Jeff Madrick
    Jeff Madrick
    AGAINST THE MOTION
    Jeff Madrick
    Leading Economic Analyst and Editor of Challenge Magazine


    A former economics columnist for The New York Times, and current Editor of Challenge Magazine, Jeff Madrick is a regular contributor to The New York Review of Books. The author of several award-winning books, Madrick recently authored, Age of Greed: The Triumph of Finance and the Decline of America, 1970 – Present, a Publishers Weekly Top Ten pick for spring 2011 and Washington Post’s Political Best Seller. Age of Greed outlines a vivid history of how greed bred America’s economic ills and the men most responsible for it. Madrick has also served as a policy consultant and speech writer for Senator Edward M. Kennedy and other U.S. legislators.

Moderator

John Donvan is a correspondent for ABC News Nightline. He has served as ABC White House Correspondent, along with postings in Moscow, London, Jerusalem and Amman.

Poll Results

Pre-Debate Poll Results
33% For | 32% Against | 35% Undecided

Post Debate Poll Results
39% For | 55% Against | 6% Undecided

Debate Media

Video

Audio

Listen to the edited radio
broadcast of this debate
Listen to the full unedited
audio from this debate

Point/Counterpoint

For

  • Entitlements no longer make sense. They were promised without the foresight of medical advances that would increase average life spans or the astronomical rise in the cost of health care.
  • We are participating in a Ponzi scheme, where older generations receive far more than they put into the system.
  • Social Security, Medicare, and Medicaid will potentially grow to cost more than all federal revenues. (Michael Tanner)
  • By continually raising the taxes to pay for entitlements and our skyrocketing debt, we will leave future generations unable to save, consume, or invest.
  • Relying on market forces rather than government intervention will result in better, less-expensive health care and higher investment returns for the nation’s seniors.

Against

  • Seniors paid into the system during their working years and are now simply collecting their earned benefits, not so-called “entitlements.”
  • Cutting benefits like Medicare, Medicaid, and Social Security-- while sparing military spending and giving tax breaks to wealthy corporations and individuals -- would be a moral disaster. (Elizabeth Palmberg)
  • “Entitlements”—Social Security, Medicare, and Medicaid—are often blamed for our country’s current fiscal situation. The real sources of the current budget deficit are legislation under the George W. Bush administration, the economic crisis, and the government’s response to the crisis. (Greg Anrig)
  • The problem with rising Medicare expenditures is not over-generous benefits, but rising health care costs.
  • Social security is fundamentally sound. The projected shortfall, not for several decades, can easily be accounted for with modest changes.