All Commentary
Monday, May 16, 2011

Social Security, Medicare Face Deficits Sooner than Expected


“Social Security will run a permanent yearly deficit when looking at the program’s tax revenues compared to what it must pay out in benefits, the program’s trustees said Friday in a report that found both the outlook for Social Security and Medicare, the two major federal social safety-net programs, have worsened over the last year.” (Washington Times)

The inevitable is here.

FEE Timely Classic
“A College Fund on the Social Security Model” by William B. Conerly