Even if the health-care bill were to deliver what it promised in term of spending cuts and deficit reduction — which it won’t — it wouldn’t stop the U.S. fiscal train wreck from happening.

According to the Financial Report of the United States Government (check the table called “Nation by the Numbers” on page xiii), we have over $45.8 trillion of unfunded liabilities coming our way, on top of a current deficit (total assets of the United States minus liabilities) of $11.4 trillion.

And who will pay for this? Young people, of course. If we do not reform entitlement spending as soon as possible, we will shortly embark on the most massive transfer of wealth from the relatively young and poor to the relatively old and rich in U.S. history (for a visual go here). And by the way, that would still be true even if the health-care bill hadn’t passed.

That’s what I will be talking about on Fox Business Network with John Stossel and his guests, Congressman Paul Ryan (R.,Wis.) and author Joel Kotkin (The Next Hundred Million: America in 2050), tomorrow night at 8 and 11pm. Check out the announcement of the show here. And of course, tune in tomorrow night.

If you are in the D.C. area, here are the channels:

Comcast: Channel 106

RCN Cable: Channel 316

Verizon Fios: Channel 117

Dish Network: Channel 206

DIRECTV: Channel 359