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Social Security and Medicare: Trying to Tackle Two 800-pound Gorillas
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******************************** Social Security and Medicare: Trying to Tackle Two 800-pound Gorillas http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=2238 While many people worry about the billions of dollars spent bailing out banks, auto makers and other sectors, shortfalls in Medicare and Social Security are what could ultimately sink efforts to revive the U.S. economy. As 78 million baby boomers begin to retire, funding for the government's two primary old-age security plans grows increasingly precarious, suggest several Wharton faculty. A report released earlier this week by trustees of Social Security and Medicare echoes those concerns.
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