Social Security and Medicare are in big trouble, and we’re just going to have to face that fact. Difficult choices need to be made. My fear is that we lack the leadership in Washington with the requisite male equipment to make those choices.
Social Security will run a permanent yearly deficit when looking at the program’s tax revenues compared to what it must pay out in benefits, the program’s trustees said Friday in a report that found both the outlook for Social Security and Medicare, the two major federal social safety-net programs, have worsened over the last year.
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