[quote=Aecetia]I heard it too a couple of days ago about SS being cash negative. This sounds like the perfect storm hitting at the end of the year. What do you Arraya, Flu, Econ prof and to Party Pup in the blind, I heard the Euro is getting ready to fold. What say you? Interesting times.[/quote]
The SS in the red has been predicted I think for some time. I don’t think it is a surprise. Medicare however I believe is already in the red..The question is which has the faster run rate.
Some predicting Medicare will run out as early as 2017, while Social Security in 2040.
The issue with Medicare, is skyrocketing medical costs…Add that with an massively aging population that will be seeking care and most likely no medical reform will come out of Congress…Well, you can predict what this will do… A 2 night trip to the ER for a parent for some internal bleeding that fortunately didn’t result in anything…cost about $25,000, paid by medicare (the other part covered by co-insurance)…Just add the baby boomer population to this equation now who will be doing the same…If the government is to bailout something, it would be Medicare versus SS.
