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Social Security trust fund to be exhausted by 2035 and Medicare in 2036, trustees project

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mystery-ak:
Social Security trust fund to be exhausted by 2035 and Medicare in 2036, trustees project
By
Zachary Halaschak
May 6, 2024 4:03 pm
.

The Medicare trust fund will be exhausted in 2036, and the combined Social Security trust fund will become exhausted in 2035, the programs’ trustees projected on Monday.

The report illustrates the long-term problems facing the entitlement programs, on which tens of millions of people rely. Nevertheless, it contained good news in that the deadlines have been moved back a bit from last year’s projections.

The extended timeline gives a bit more breathing room to Congress, where the looming depletion of the trust fund has become a top political issue. Both President Joe Biden and former President Donald Trump have vowed not to cut the popular entitlement benefits for seniors.

Still, the fact that the dates are still just over a decade away is another reminder of the fiscal cliffs that are looming large and the need for lawmakers to craft a plan to keep the programs solvent.

more
https://www.washingtonexaminer.com/policy/finance-and-economy/2993177/social-security-trust-fund-exhausted-2035-medicare-2036-trustees-project/

Cyber Liberty:
But they will never run out of mad money to give to illegal aliens for free healthcare, free rent, free phones and a load of other free stuff.

Hoodat:
There is no Social Security trust fund.

mountaineer:

--- Quote from: Hoodat on May 06, 2024, 10:34:38 pm ---There is no Social Security trust fund.

--- End quote ---
Yeah, I thought that illusory creature had died years ago.

Hoodat:
Nothing but a lock box filled with IOUs.

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