Tuesday, May 12, 2009

Social Security Insolvent by 2037,Medicare Insolvent by 2017

Social Security's trust fund will be essentially used up by 2037; four years sooner than last year's estimate, its trustees reported Tuesday. Medicare won't be able to meet its obligations beginning in 2017, two years sooner than previously projected, they said. The condition of both trust funds has worsened because of the recession.....

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