Tuesday, May 12, 2009

Rahm's Next Crisis: Medicare & Social Security

The Medicare Trust Fund will go into the red in 2017, while Social Security does the same in 2037. That's two to four years sooner than prior projections. President Obama's Chief of Staff Rahm Emanuel views any crisis as a saddle. Jump on, ride the "change" stallion for all it's worth!

The current federal budget deficit is projected to reach $1.84 trillion. America will borrow 46 cents of every federal dollar spent.

What's coming? According to Tim Geithner "difficult but achievable changes." Citizens will pay more for retirement and health care. Businesses won't pay more and government can't afford it. That leaves the individual. Hold on to your wallet!

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