There were calls for bipartisan action to shore up the Medicare trust fund and to form an independent advisory group to come up with more long term solutions. Today, President Clinton urged democrats and republicans to move on this problem. I've always said we should go on and pass the right kind of balanced budget and do that. We can do that now with no trouble. We've agreed on those things.
Providers know they're coming.
Everyone understands how they'll be be managed. The administration today also boasted that Social Security is in good shape and even without changes that system can continue to pay all benefits until the year 2029. This sounds very reassuring, unless you are currently in your mid-30's. If this is the case, you'll be retiring around the time Social Security will be running into trouble, trouble projected to get worse as the retired population bulges and the working population shrinks. You may remember that the county declared bankruptcy a year and a half ago after losing more than one and a half billion dollars in the financial markets.