It's Medicare, stupid.(The Last Word)
American Prospect, The, February, 2005 by Reich, Robert
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OF THE NATION'S TWO GIANT ENTITLEMENT PROgrams, only one is in real trouble. It's Medicare, not Social Security. As our special supplement makes clear, the Social Security system isn't in a crisis. The system has been in surplus for years now, and those surpluses have been used to cover part of the government's annual budget deficits. After 2018 and continuing through mid-century, the federal government must repay the system what it borrowed, the same way it pays back other bondholders, using revenues from other sources such as income and corporate taxes.
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