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Paying for Investments in Children. Isabel Sawhill October 21, 2008. Trends in Federal Spending on Children. Total real spending increased 1.4% 2004-2008. Compares to 12.2% for all spending Discretionary spending declined by 6.7% Entitlement spending increased by 5.7%

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Paying for investments in children

Paying for Investments in Children

Isabel Sawhill

October 21, 2008


Trends in federal spending on children
Trends in Federal Spending on Children

  • Total real spending increased 1.4% 2004-2008. Compares to 12.2% for all spending

    • Discretionary spending declined by 6.7%

    • Entitlement spending increased by 5.7%

  • “The 45-year trend of declining investments in children as a share of the federal budget has continued unabated during the past five years.” First Focus, 2008, p. 6,Children’s Budget 2008



Advocates for children must
Advocates for Children Must:

  • Avoid wishful thinking

    • Re taxes

    • Re a war dividend

    • Re health care savings

  • Forge a bipartisan compromise

    • Invest new resources in children linked with…

    • Reform of entitlements


Why this makes sense
Why This Makes Sense

  • Elderly better off than in the past

  • Younger families struggling

  • The miracle of compound interest

  • We can protecting vulnerable groups

  • Reframe debate around life cycle view



Source: Isabel V. Sawhilll, “Paying for Investments in Children,” in Big Ideas for Children: Investing in Our Nation’s Future, ed. First Focus (Washington, D.C.: First Focus, 2008).


Baby boomers are affluent
Baby Boomers Are Affluent Children,” in


The miracle of compound interest
The Miracle of Compound Interest Children,” in

Source: http://www.moneychimp.com/calculator/compound_interest_calculator.htm

See Appendix A, Chart 3.


High priority investments and how to pay for them
High Priority Investments and Children,” in How to Pay for Them


Conclusion
Conclusion Children,” in

  • Must make cost-effective investments

  • Must protect the vulnerable elderly and phase in any reform gradually

    But …..

  • A nation that gives priority to its elderly over its children doesn’t have much of a future.


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