Social Security, Medicare Trust Funds Sink...

[Acebass]

Well so much for the Republican stewardship...


Social Security, Medicare Trust Funds Sink By MARTIN CRUTSINGER, AP Economics Writer
25 minutes ago

WASHINGTON - The trust fund for Social Security will be depleted in 2040, a year before expected, and Medicare will exhaust its trust fund reserves just 12 years from now, trustees for the programs said Monday.

Their annual report showed deterioration in the financial condition of both of the government's two largest benefit programs.

A year ago, the depletion of the Social Security trust fund had been projected to occur in 2041 and the Medicare hospital insurance fund in 2020.

The trustees, who include the head of the Social Security Administration and three members of President Bush's Cabinet, painted a sober assessment of the health of the two programs in advance of the looming retirements of 78 million baby boomers.



http://news.yahoo.com/s/ap/20060501/ap_on_go_ot/social_security

[mhr]

1. And We Should Believe Them Why?

eom

[AndyA]

2. Yer doin' a heckuva job, Bushie! Keep sending that money to Iraq,

we don't need it here in America, you putz!

[napi21]

3. Be careful what numbers you're hearing.

There are a TON of variables associated with projecting out THAT FAR! Change any ONE of them, and the result changes!
The numbers about SS are no different than the numbers we keep hearing about unemployment being down, the economy up, and wages are increasing!

Sorry folks, I look around my house, my extended family, my community etc, and none of the numbers I hear match what I see!

I think this BS about SS is just another attempt by Shrub to get his SS plan to privatize it passed!

[rocktivity]

4. Social Security and Medicare bankruptcy: The new duct tape and plastic.

Forunately, there's no need to feel "terrified": they aren't problems that rolling back the tax cuts and raising the Social Security salary cap can't solve.

:headbang:
rocknation