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Three former CBO directors and other budget analysts from across the political spectrum have urged a fundamental restructuring of Medicare, Medicaid, and Social Security to avert an economic crisis and to avoid placing an unacceptable burden on future generations. The CBO says that if no action is taken to address this and deficits soar to expected levels, "the economy will eventually suffer serious damage." ....
A major report by the Congressional Budget Office (CBO) confirms that Medicare premium support (a defined-contribution system of health-plan financing) would make the financially troubled federal program more fiscally sustainable.[1] The CBO finds that, in a new competitive system of health plans, private plans can offer the same benefit and services as traditional Medicare fee-for-service (FFS) plans at a lower cost to taxpayers. ....
Rolling Plunder - How Scott Walker and Paul Ryan Plan To Sell Out Wisconsin, and the Voters are Oblivious... theconservativetreehouse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theconservativetreehouse.com Daily Mail and Mail on Sunday newspapers.
Social Security will soon be insolvent, and over the last three decades Congress has done nothing to fix the problem. From the outset, Social Security has been challenged by a “fiscal commitment problem," whereby solvency is a serious long-term problem without significant short-term consequences. ....