Forget Edgar Allan Poe, Bram Stoker or Alfred Hitchcock. Matthew Continetti over at The Weekly Standard has a story that's more blood-curdling and goose-bumpy than anything those guys could come up with. Check it out.We all love scary stories, and the 2009 report from the trustees of Social Security and Medicare is one of the most frightening that's been published in years. Unfortunately, it's nonfiction.
The trustees conclude that a combination of lavish benefits, an aging population, and a moribund economy has brought the United States's social insurance system close to bankruptcy. Medicare is already running a deficit, and the trustees say that it will be totally out of money by 2017. Social Security will be in the red as soon as 2016. That's a problem not only for Social Security. It's a problem for the federal budget...
