“Social Security, Medicare, Medicaid and interest on the debt will consume all federal revenues within the next 20 years,” (Concord Coalition National Political Director Phil) Smith told the civic group. “That leaves no money for defense, that leaves no money for tax cuts, that leaves no money for transportation, whatever it is that you want from your federal government.”

Smith said the debate during fiscal responsibility is not just about numbers; he argued it is a moral issue impacting future generations.