Washington’s runaway spending is highlighting the seemingly unstoppable growth of the big entitlement programs: Social Security, Medicare and Medicaid. Moreover, the trust funds for Social Security and Medicare are headed for insolvency.
These looming disasters are prompting plenty of proposals on what to do: raise eligibility ages, raise taxes, cut benefits.
But this episode of What’s Ahead explains why all this wailing and hand-wringing is unnecessary. The right changes won’t mean fewer benefits for beneficiaries. In fact, for many it will be the exact opposite.
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