Medicare/Social Security Trustees Say Outlook is Bleak, NCPA Says It's Much Worse
DALLAS, May 12 /PRNewswire-USNewswire/ -- The Medicare/Social Security Trustees' Annual Report - releasing today - will likely paint an extremely bleak future for entitlement funding with projected deficits in the hundreds of trillions of dollars.
As bad as those projections are, the reality of the situation is much worse, according to NCPA experts.
"The reality is that Medicare and other government health programs are on the path to consume the entire federal budget," says NCPA President and CEO, John C. Goodman. "Some time next year Social Security will start running a deficit as well. The Trustees' report will not reflect this."
On Wednesday, May 13, the day after the Trustees' report is released, the NCPA will hold a Trustees briefing to underscore the truth about Medicare and Social Security's bleak future.
WHO: NCPA President John C. Goodman
Former Public Trustee of Social Security & Medicare and NCPA's Sr. Fellow Tom Saving
WHAT: Medicare/Social Security Trustees' Report Briefing
WHEN: Wednesday May 13, 2009
9:30 - 10:30 AM
WHERE: Room HC-9 in the Capitol
East Capitol Street, NE and 1st Street, NE
Washington, DC 20002
The National Center for Policy Analysis (NCPA) is a nonprofit, nonpartisan public policy research organization established to develop alternatives to government regulation by relying on the private sector. Topics include health care, taxes, Social Security, welfare and environmental regulation.
|SOURCE National Center for Policy Analysis|
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