In their annual meeting, trustees for Medicare and Social Security warned that these two benefit programs are facing “enormous challenges”. (3/26, C-2, “A warning on Social Security and Medicare”)
According to their analysis, the Social Security trust fund will be depleted by 2041 and the Medicare trust fund will run dry by 2019.
As 78 million baby boomers start retiring, these two programs will cause a fiscal train wreck, unless serious action is taken now.
Our next president must make recommendations to deal with this projected shortfall, yet the candidates have not addressed this serious problem. Voters need to ask the presidential candidates how they propose to remedy this impending disaster.