Experts Discuss the Nation's Debts Following Documentary Screening

By: AP
By: AP

OMAHA, Neb. (AP) _ Following Thursday's screening of the documentary ``I.O.U.S.A.'' a panel discussion in Omaha was
broadcast to more than 350 theaters nationwide.

The panel discussion featured AARP Chief Executive Bill Novelli and William Niskanen, chairman of the libertarian-leaning CATO Institute, and billionaire investors Warren Buffett and Pete Peterson.

Niskanen says the nation has to increase the retirement age in Social Security to at least 70 from the current range of 65 to 67. He also backs adding an income test to Medicare so those with more money pay a larger share of their health costs.

Peterson says he hopes the movie will help explain the problems debt can bring, so politicians will feel more pressure to act.

The movie's backers say they hope both the Democratic and Republican candidates for president will acknowledge the staggering
amount of debt the nation carries, and pledge to appoint a bipartisan coalition next year to look for solutions.

(By AP Business Writer Josh Funk)


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