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Politics : Liberalism: Do You Agree We've Had Enough of It?
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From: tonto9/8/2011 12:44:05 PM
3 Recommendations  Read Replies (1) of 224737
 
Conclusion

Projected long-run program costs for both Medicare and Social Security are not sustainable under currently scheduled financing, and will require legislative corrections if disruptive consequences for beneficiaries and taxpayers are to be avoided.

The financial challenges facing Social Security and Medicare should be addressed soon. If action is taken sooner rather than later, more options and more time will be available to phase in changes so that those affected can adequately prepare.

By the Trustees:

Timothy F. Geithner,
Secretary of the Treasury,
and Managing Trustee

Hilda L. Solis,
Secretary of Labor,
and Trustee





Kathleen Sebelius,
Secretary of Health
and Human Services,
and Trustee Michael J. Astrue,
Commissioner of
Social Security,
and Trustee





Charles P. Blahous III,
Trustee

Robert D. Reischauer,
Trustee
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