The view from here

Medicare is set to exhaust its trust fund reserves in the next 12 years, according to the annual report issued by its trustees, two years sooner than last year’s report suggested. The trustees also projected Social Security to deplete its reserves by 2040, one year earlier than last year’s estimate. With almost 80 million Baby Boomers entering their retirement years, the trustees warn that, under current conditions, the projected growth rates of the country’s two largest benefit programs can’t be sustained. You'd think somebody somewhere sometime or other would start to take this stuff seriously...