Washington’s runaway spending is highlighting the seemingly unstoppable progress of the massive entitlement applications: Social Safety, Medicare and Medicaid. Furthermore, the belief funds for Social Safety and Medicare are headed for insolvency.
These looming disasters are prompting loads of proposals on what to do: elevate eligibility ages, elevate taxes, lower advantages.
However this episode of What’s Forward explains why all this wailing and hand-wringing is pointless. The proper modifications received’t imply fewer advantages for beneficiaries. In actual fact, for a lot of it will likely be the precise reverse.