Good news for people who are planning to live past 2017!*
Breaking: “Social Security and Medicare Finances Worsen”
Trustees of the two programs said Tuesday that Social Security will start paying out more in benefits than it collects in taxes in 2016, one year sooner than projected last year, and the giant trust fund will be depleted by 2037, four years sooner.
The trustees said Medicare was in even worse shape. They said that the trust fund for hospital expenses will pay out more in benefits than it collects this year and will be insolvent by 2017, two years earlier than the date projected in last year’s report.
* And by “good” I mean we’re good and fucked.
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The Great American Cooking Project
Notes from others: