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LTC Bullet: Concord Coalition
Takes Position on LTC
Wednesday July 1, 1998
Seattle--
The Concord Coalition, co-host of the national forums on Social
Security, stated in its recent Fax Alert that Social Security's
projected insolvency is part of a much bigger problem: the unaffordability
of current retirement expectations including those regarding long-term
care.
"Social Security's insolvency is due to arrive in the midst
of a demographic revolution that threatens to overwhelm the federal
budget and to transform the very shape of our national economy,
our society and even our culture. Insisting that Social Security
is its own self-contained deal is like telling a homeowner that
no single rock matters in the landslide that buries his house."
Where does long-term care fit into this picture? The Concord Coalition
believes that Americans must "prepare to assume more personal
responsibility for the long-term care of elderly family members--and
recognize that government cannot always pay the bills."
Source: The Concord Coalition, "America's Coming Retirement
Crisis," Facing Facts, Vol. IV, No. 7, June 29, 1998.
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