Say good bye earlier to Social Security and Medicare

By Steve Collier, Colorado Springs

Geez, I sure do take a lot of time sometimes to update the blog. But the update I have this evening is definitely worth your viewing.

The trustee report, an annual assessment of the "health" of both the Social Security and Medicare programs, gave a grim assessment to the overall health of both programs for 2009. It was found that Social Security itself will be come insolvent (no money for Social Security) four years earlier than projected, from 2041 to 2037. Even more frightening is the the Medicare/Medicaid situation, in which rising health care costs, coupled with less tax revenue from the recession, is ballooning the cost of health care beyond the average American's control.

Here's the story.

What do you want me to say? I told you so? If our government continues to waste 1 out of every 3 dollars it spends, maybe the systems should fail to remind every American just how precise and needed it is to have oversight over the very government that collects their taxes. In reality, the systems do need overhauling, especially as our own grandparents (my parents are baby boomers... they'll be next) enter into these entitlement programs. Social security has been squandered over the years as politicians from both sides of the aisle have vied for funding and pork-barrel projects for their own districts, forgetting that the very money they were getting allocated was already reserved for Social Security recipients.

FDR really left us his legacy... Social Security spending.