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Social Insurance Needs Rethinking

The U.S. is headed for a fiscal meltdown. Even before Congress began calling for a hugely expensive overhaul of health care, the federal government was a staggering $56 trillion in the hole, in terms of unfunded obligations. ....

United States , Congressional Budget Office , Capitol Hill , President Obama , Stuart Butler , Federal Budget , Congressional Budget Office , Unfunded Obligations ,

A First Big Step Toward Medicare Sustainability

Medicare is a vital program for seniors, but is fundamentally unaffordable as it is currently structured because it faces an unfunded obligation of $85.6 trillion. Phasing out the subsidy forupper-income seniors is an obvious first step toward Medicaresustainability. Such a policy would reduce Medicare's long-runexcess costs by over $41 trillion. ....

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