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Saturday, June 1, 2013

US Medicare SSS going broke soon?

Ad Majorem.....Wealth Builders

Repost from Newsmax | by Neil Weisman | May 31, 2013

The US SSS and Medicare Trust Funds will soon run out of funds:    SSS by 2033 and  Medicare by 2026 according to the report to the Board of Trustees.    The problem with this shortage is that Democrats and Republics cant agree on how to fix the problem.  The govt spending on these two accounts for 38% of the total federal spending.

Democrats do not want to cut the benefits and the Republicans wont raise the taxes.

Much of the burden of these two programs have been the babyboomers and many of them have reached the retirement age.  >>>Read more

1 comment:

Majorem said...

US policy is a do or die one better to have a conservative one as to Romney and Ryan proposal