Social Security And Medicare: The Impending Fiscal Challenge
Social security - and the solvency of its trust fund - has increasingly become a focus of discussion in the media and policy circles. In President Bush's 2005 State of the union address, for example, more than a fifth of the address dealt with social security. The basic problem is that promised benefits will soon exceed program revenues. Without changes in benefits or funding, the trustees of social security project that assets in the trust fund will be depleted in 2041.