Summary
A looming Medicare shortage is seven times the size of the one that Social Security faces and nearly four times the entire federal debt. It is not being addressed by President Bush and Congress, and, to some, that is just as well.
Social Security, which Mr. Bush has hoisted atop his domestic agenda, is $3.7 trillion short of what it will need for benefits during the next 75 years, under the latest federal projections. Medicare, the health care program for the elderly, must find an estimated $27.8 trillion.See the full content of this document
Extract
Medicare's Woes Exceed Those of Social Security
By 2018, Social Security is on track to start paying more annually to recipients than it collects in payroll taxes - an ominous tipping point that Me...
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