A concurrent resolution to express the sense of the Congress with respect to the urgency of reducing the Federal budget deficit and taking other necessary actions to safeguard the interests of America's younger and future generations.

Expresses the sense of the Congress that: (1) the Government should manage the nation's affairs in a manner that is more beneficial to younger and future generations; (2) the Federal budget deficit should be reduced in a way that is fair to Americans of all ages; and (3) the President should report to the Congress concerning the effects of current Federal taxation and spending policies on Americans of different age groups.