The Associated Press is running a story that the government is saying that Social Security and Medicare will be going bust. It will happen in just eight short years for Medicare and 16 years for Social Security. The reason is that politicians of ALL stripes do not have the courage to tackle the entitlements problems. The actual impact to the national debt is a fearsome number. The longer this is ignored, the more painful the fix will be.
As Written and Reported By Ben Shapiro for the Daily Wire:
While the rest of America fulminates over Roseanne and Samantha Bee and NFL visits to the White House, a rather large piece of news just broke – a piece of news that essentially spells doom for the future of American governance. Here’s the news:
BREAKING: Government: Medicare will become insolvent in 2026, three years earlier than expected, Social Security to follow in 2034.
— The Associated Press (@AP) June 5, 2018
Medicare and Social Security, along with Medicaid, represent a majority of the federal budget each year, and represent mandatory spending. And Social Security has been running a negative cash flow for years. Our gigantic national debt number doesn’t include unfunded liabilities to these programs. According to some studies, if we include expected shortfalls from Medicare and Social Security in the debt, our debt is actually $90.6 trillion.
And yet politicians of both parties – with the possible exception of Speaker of the House Paul Ryan (R-WI) – are utterly unconcerned with entitlement reform. In fact, they demagogue anyone who dares to mention entitlement reform. President Trump campaigned on the notion that he wouldn’t change entitlement programs. Democrats have created full graphics of Ryan pushing old ladies off cliffs to signify their opposition to changes to…..
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