Social Security, Medicare Running Out of Money Faster Than Expected

June 2009
New American (08856540);6/8/2009, Vol. 25 Issue 12, p6
The article focuses on the financial performance of the two social-welfare programs Medicare and Social Security. The estimates of the Social Security Board of Trustees has indicated that Social Security will be broke by 2037, while Medicare will run out of money by 2017. It notes that the funding of this two programs has been affected by low revenues from payroll taxes.


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