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03/23/2004 Archived Entry: "Analysts: Medicare could go broke by 2019"

Posted by steve @ 03:02 PM EST [Link]

TODAY'S WORD OF THE DAY: INSOLVENCY: According to analysts, Medicare is expected to go broke by 2019 thanks to the new prescription drug benefit while Social Security will be insolvent in 2042 (though it will start paying out more in benefits than it takes in by 2018). Not surprisingly, Democrats are considering all this talk to be Republicans trying to scare Americans.

Read on.