BFDOFR Wrote:
Nov 04, 2012 10:30 AM
Social Security and Medicare most certainly ARE entitlements. The trust funds for them are both on schedule to go "bankrupt". The good thing about Social Security is that when the fund dips below what it needs to pay 100 percent of benefits, the benefits are automatically reduced to correspond to what the fund can afford to pay that year. So, sometime around 2045, we'll be getting about 70 percent of what we were supposed to get. I just wish the rest of the federal budget had such a provision.