By Charles Blahous
The federal government’s largest two programs, Social Security and Medicare, are at the center of a vibrant national debate over our fiscal future. Each program faces a significant financial shortfall, the solution to which remains elusive.
The following are five myths that have been particularly damaging to our national discussion of Social Security and Medicare.
This elusiveness exists in part because of inherent substantive difficulties: many Americans will have to give up something to bridge the significant gaps between program revenues and promised benefits. It’s not easy to forge bipartisan agreement over how to allocate these sacrifices. Yet these decisions have been made unnecessarily difficult by rampant confusion about each program’s finances. read full analysis at Hoover.org