At Bloomberg Business Week, the distortion of what the Social Security system's trustees told the public on Monday began with its headline and opening sentence.
The headline: "Social Security Fund to Run Out in '35: Trustees." Any reader would assume that the reference is to the situation with the retirement and disability programs combined, as both are collectively referred to as "Social Security.
According to a new report from the Social Security trustees, the behemoth entitlement program’s trust fund will run a negative balance some time in 2035, but that’s a bit misleading. First, the program’s obligations are more than th... Read Post
Medicare trustees just released their annual report on the program's finances and it does not make for healthy reading. In fact the main headline takeaway is that the social security fund itself will now run dry three years sooner t... Read Post