“The Ryan Plan is scary! The Ryan Plan is scary!”
While Medicare won’t have sufficient funds to pay full benefits starting in 2024, five years earlier than last year’s estimate, Social Security’s cash to pay full benefits runs short in 2036, a year sooner than the 2010 projection, the U.S. government said today in an annual report.
“The Ryan Plan is scary!”
Both forecasts were affected by a slower-than-anticipated economic recovery, the government said. The estimates for funding add urgency to talks between Democrats and Republicans on ways to cut spending to reduce the U.S. budget deficit.
“The Ryan Plan is soooooooooooo scary!”
“Projected long-run program costs for both Medicare and Social Security are not sustainable under currently scheduled financing, and will require legislative corrections if disruptive consequences for beneficiaries and taxpayers are to be avoided,” according to the report summary.
“Let’s keep doing what we’re doing. Because whomever is in office in ten years will need some challenges, right? Because the Ryan Plan is scary!”
Don’t forget to add Gingrich’s voice to that chorus.
True, although with Newt there’s at least a plausible chance that he does in fact have a better idea.
(Although I am not on the Newt bandwagon at this point…)
Judging from his use of WTF (http://www.newt.org/), I’m thinking he does not have a better idea.
No need to panic!
As one time commenter RickDFL told us, first-rate medical care is available cheaply in Cost Rica! This has been verified by the Costa Rican minister of tourism and a lady who flew down there this one time for a knee operation.
My retirement plan is heavy on the 3 B’s: Bullets, bullion and Belize.