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Time to Heed Warnings From Medicare and Social Security Trustees
(By – Robert Bixby, www.concordcoalition.org)
The message from the Social Security and Medicare trustees last week could not have been more blunt: the two programs’ long-term costs “are not sustainable with currently scheduled financing and will require legislative action to avoid disruptive consequences for beneficiaries and taxpayers.” This conclusion should take no one by surprise. The pressures on both programs from population aging and rising health care costs have been warned about many times by many nonpartisan sources. What is surprising is that so few lawmakers seem to take these warnings seriously. Read more…