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Monday, May 07, 2007

Boomers retirement likely to destroy Medicare, Social Security

Fewer benefits, more taxes and some accounting magic will buy an extra year of life for Social Security and Medicare, trustees of the government's two largest benefit programs said Monday.

The oncoming crush of 78 million retiring baby boomers still will crash the Medicare trust fund by 2019 and the Social Security trust fund by 2041 unless Congress and the White House can agree on a way to save the programs, the officials said.

"Retiring Boomers Will Crash Medicare and Social Security, Trustees Say" (Seattle)

Comments on "Boomers retirement likely to destroy Medicare, Social Security"


Blogger Biby Cletus said ... (1:01 AM) : 

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Warm Regards

Biby Cletus - Blog


Anonymous Hocus Lopez said ... (10:05 AM) : 

Of course they'll ruin it. They always take, exploit and over indulge in the benefit while the later generation(s) pay the price for their frivolity. They got free love, while we got disease and gov't mandated abstinence; They defaulted on their student loans (without impunity), while we got new gov't programs which assure we can never avoid our school loan debts; They were able to use drugs without judgment, we got "just say no." (btw, i'm not jealous of the drugs. We're smart, and they're dumb).

They've always taken, and it can be no surprise when the next 20 years are marked by "grey awareness," "grey pride," and an over awarenes of how we can make our seniors' lives more comfortable and better than past generations.

They will rape the social security coffiers, and we'll be the ones left to pay the bill.

Finally, hve you noticed they continue to re-define hat exactly is the Baby Boomer generation? What's the deal with that?


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