Heard on the Hill
Social Security and Medicare: The promise America made and the bills we postponed - Magnolia Tribune
Warnings about the insolvency issues facing America’s two key senior support programs—Social Security and Medicare—have gone largely unheeded for the past four decades. Now, with disaster clearly in sight, attention is ramping up, but no concrete plan exists to ward off the financial consequences of the insolvency facing both programs. From a moral standpoint, these two programs represent promises made to Americans, and they must be kept, at least in some form.
A recent editorial by Magnolia Tribune contributor Sis Salter offers a concise recap of the insolvency issue as it pertains to Social Security and Medicare. In it, he debunks the persistent rumor that politicians pilfer Social Security trust fund revenue, a longstanding, popular misconception leveled at the program by voices at all levels.
Salter sums the path forward with this telling comment: “Every realistic solution requires somebody to sacrifice something. There is no painless answer.”
Read the full article here.
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