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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (29251)3/23/2005 3:57:54 PM
From: ild  Read Replies (1) of 110194
 
Trustees Issue New Forecasts
For Social Security, Medicare

Associated Press
March 23, 2005 1:56 p.m.

WASHINGTON -- The trust fund for Social Security will go broke in 2041, a year earlier than previously estimated, the trustees reported Wednesday. Trustees also said that Medicare, the giant health-care program for the elderly and disabled, faces insolvency in 2020.

The new projections made in the trustees annual report were certain to be cited by both sides in the massive battle to overhaul Social Security, which President Bush has made the top domestic priority of his second term.
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