Home | Business News | Browse by Publication | T | The American Prospect

It's Medicare, stupid.

Publication: The American Prospect
Publication Date: 01-FEB-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: It's Medicare, stupid.(The Last Word)

Article Excerpt
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.

As labor secretary, I was a trustee of the Social Security system. In 1994, we anticipated that Social Security wouldn't be able to pay...

Access Full Article, Compliments of Goliath

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from The American Prospect
Why we need Social Security: it has radically reduced poverty in old a..., February 01, 2005
Our best anti-poverty program: private accounts cannot match Social Se..., February 01, 2005
A battle progressives can win: Bush's privatization splinters Republic..., February 01, 2005
Bush's numbers racket: why Social Security privatization is a phony so..., February 01, 2005
Bush's bridge too far: the Republicans may have wall-to-wall control, ..., February 01, 2005

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.