A new report reveals that Social Security will run out of money by 2035, and Medicare 2036. Brandon Arnold, the executive vice president of the National Taxpayers Union, is calling for Congress to act now.
Mr. Arnold explains why the timeline of the programs’ insolvency has shifted, and what factors are involved. But he say that ultimately, Social Security and Medicare will still end up without sufficient funding, since the fundamental problem is one of demographics. He also shares possible solutions to help modernize and strengthen the programs to provide assistance for younger generations as they age.
