Social Security and Medicare Debt Could Trigger Inflation Crisis.
(ThyBlackMan.com) Your representatives may finally grab the feared “third rail” of U.S. politics. When the Social Security and Medicare trust funds run out in the early 2030s, the law is clear: Benefits must be slashed. That would mean a roughly 24% cut to Social Security checks and an 11% cut to Medicare benefits. But Congress almost certainly won’t let that happen. The easy, though irresponsible, political path may seem obvious: […]