Wednesday, March 23, 2005

What?

This can't be true. It can't be. It can't be.

WASHINGTON (AP) - The trust fund for Social Security will go broke in 2041 - a year earlier than previously estimated - the trustees reported Wednesday. Trustees also said that Medicare, the giant health care program for the elderly and disabled, faces insolvency in 2020.

The new projections made in the trustees annual report were certain to be cited by both sides in the massive battle to overhaul Social Security, which President Bush has made the top domestic priority of his second term.

The go-broke date for Medicare was delayed by one year, compared to the estimate that trustees gave a year ago.

The insolvency dates represent when both trust funds will have exhausted the government bonds that have been building up to take care of the pending retirement of 78 million baby boomers.

I bet you the trustees are Republicans who hate old people.

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