The Epoch Times
By
September 1, 2021 Updated: September 1, 2021
Social Security will be unable to pay full benefits a year earlier than previously projected, while Medicare’s insolvency date remains just five years away, according to the latest trustee reports.
But nobody in the nation’s capital is stepping up with proposals to fix the two largest federal entitlement programs.
Between them, Social Security and Medicare consume nearly $2 trillion annually to pay retirement and hospitalization benefits depended upon by millions of Americans. Those benefits consume 29 percent of all federal spending, according to USASpending.gov.