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Social Security and Medicare face big public debt challenge
Washington report explains deficits versus the national debt, noting 2013 projected deficit of 642 billion and a 16.7 trillion national debt. It discusses looming trust fund exhaustions, potential benefit cuts, and the political difficulty of reaching compromise amid sequestration and debt-ceiling impasses. It cautions that reforms may be limited and that Friday’s trustees’ report could show only modest improvements amid lagging growth.
MENTIONED IN THIS ARTICLE
Washington
Congress
White House
Mater
Benfits
Trustes
Social Security
Tom Ratm Nthe
Congressional Budget Office
Treasury
Denny