Saturday, September 10, 2011

Social Security vs. Medicare

Yuval Levin, writing for National Review Online's The Corner, makes a very good point about the sustainability of social security and medicare. You owe it to yourself to see his chart comparing the two.

Yes, Social Security has its problems, but can be more-or-less fixed by adjusting the retirement age upward and perhaps uncapping the salary upon which contributions are calculated.

On the other hand, Medicare's costs are going up like a rocket. Of the two so-called "entitlement" programs, we should concentrate on fixing Medicare.

At this juncture there are no easy fixes in sight. I believe we will end up doing cost-benefit triage, and hating it.