Posts Tagged ‘social security’
Jenny Beth’s Journal: Eventually, Someone Has to Pay the Tab on Entitlements
The impending crisis of Social Security and Medicare may be heading our way a lot sooner than we thought. Social Security will become insolvent by 2035 and Medicare will be depleted by 2026 under current projections. How did we get to this point? Jenny Beth has the commentary: It’s time to recognize that we’re all…
Read MoreIf Social Security Becomes Insolvent, What Does That Mean for Medicare-for-All?
According to a new report, Social Security will be insolvent and unable to pay the full value of promised benefits to recipients by 2035 and it will exceed its income by 2020. About 67 million people are currently recipients; however, if nothing changes, the program will have to impose cuts of 20 percent to all…
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