Entitlement Examination

The latest report on the nation’s major entitlement programs, accounting for 42% of all federal government spending, are sobering. The Social Security trust fund will be emptied in 2034 and Medicare (Part A, hospital care) in 2029. 50 million Americans receive SS and 57 million receive Medicare Part A. Once depleted, retirement benefits will be cut 25% and Medicare Part A will be initially cut 15% and eventually 20%.