Social Security Is Like a Ponzi Scheme. How Do We Fix It?
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"We will always protect Social Security, Medicare!" says President Donald Trump. That would be nice. But when I look at these programs' balance sheets, I don't see how he's protected anything. Both Social Security and Medicare are on track to run out of money. Politicians mostly ignore the problem. Worse, progressives like Sen. Bernie Sanders (I–Vt.) and Rep. Alexandria Ocasio-Cortez (D–N.Y.) say
Summary
This opinion piece argues that Social Security and Medicare are on track to run out of money, despite President Trump's pledge to protect them. The author says politicians mostly ignore the funding problem, and it notes that Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez have also taken positions on it, though the excerpt cuts off before stating them.
- The author says Social Security and Medicare are both projected to run out of funds.
- The author disputes that President Trump's pledge to protect the programs is reflected in their balance sheets.
- The author says politicians mostly ignore the funding shortfall.
- The excerpt says Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez have made statements on the issue, but the text is truncated.
Machine-generated from the article, for orientation only. Read the original for what it actually says.
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