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Financial Health of Social Security, Medicare Worsens in Past Year - Political News - FOXNews.com: "Trustees of the programs said Tuesday that Social Security will start paying out more in benefits than it collects in taxes in 2016, one year sooner than projected last year, and the giant trust fund will be depleted by 2037, four years sooner.
Medicare is in even worse shape. The trustees said the program for hospital expenses will pay out more in benefits than it collects this year and will be insolvent by 2017, two years earlier than the date projected in last year's report."
Ignore the trust funds -- the money has been spent and will have to be raised just as if it had never existed.
So S.S. has 7 years and Medicare has less than 1!
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