Wednesday, April 25, 2012

Social Security heading for insolvency even faster

Treasury Secretary Timothy Geithner listens during a news conference on the Social Security and Medicare Trustees Reports, Monday, April 23, 2012, at the Treasury Department in Washington. Trustees update forecasts for the government's two largest benefit programs, which are laboring under the weight of retiring baby boomers, revenue shortages and politicians' reluctance to take painful action to fix them. (AP Photo/Susan Walsh)Social Security is rushing even faster toward insolvency, driven by retiring baby boomers, a weak economy and politicians' reluctance to take painful action to fix the huge retirement and disability program.


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