Well, knock us over with a feather:
BREAKING: Government: Medicare will become insolvent in 2026, three years earlier than expected, Social Security to follow in 2034.
— The Associated Press (@AP) June 5, 2018
News: Social Security & Medicare trustees release annual report — project Social Security will have to cut benefits by 21% by 2034 if lawmakers do nothing to cure the program's long-term funding shortfall
— David Wright (@DavidWright_CNN) June 5, 2018
More from the AP:
Medicare’s financial problems have gotten worse, and Social Security’s can’t be ignored forever, the government said Tuesday in an annual assessment that amounts to a sobering checkup on programs vital to the middle class.
The report from program trustees says Medicare will become insolvent in 2026 — three years earlier than previously forecast. Its giant trust fund for inpatient care won’t be able to cover projected medical bills starting at that point.
The report says Social Security will become insolvent in 2034 — no change from the projection last year.
Who could’ve seen this coming?
Oh? You’re kidding. https://t.co/LMLTe7Wuua
— Actually, Quite a Dignified M’Fin Pickle (@sunnyright) June 5, 2018
Not a surprise. They never were sustainable. Just big ponzi schemes.
— Marilyn Washabaugh (@WazzuCoug94) June 5, 2018
Is anyone really shocked by this? This has been known for a while now
— Brett Sturgeon (@Brett_Sturgeon) June 5, 2018
It’s OK. No one ever really wants to retire anyway.
It's a government forecast, of course, and those are always wrong. But there's no way to play with the hard data and not project major problems fairly soon. https://t.co/JXNkb9lO6B
— Dan McLaughlin (@baseballcrank) June 5, 2018
8 years. This should be fun. https://t.co/IwWwn6p36N
— Kemberlee Kaye (@KemberleeKaye) June 5, 2018
— (((Pete Kaliner))) (@PeteKaliner) June 5, 2018
Medicare for none. https://t.co/YD91xIGrPM
— Marjorie Romeyn (@marjorieromeyn) June 5, 2018
Medicare for All is going to be great https://t.co/Oe1dLkaaPw
— Andrew Clark (@AndrewHClark) June 5, 2018
So what about the thousands I've paid in social security funds since I began working when I was 16?
— Daniel Patterson (@danpatterson0) June 5, 2018
Really awesome when the government steals money from my paycheck and gives it to Boomers who bankrupted both programs. https://t.co/jpqSpKIJCX
— Anthony Abides (@AnthonyAbides) June 5, 2018
Just in time for retirement!
— Jeff Russell (@rock_hawk) June 5, 2018
Yay so I defintely get to work till I'm sick and/or dead. So exciting.??
— ?Sandra Biego? (@STLDisneyMom2) June 5, 2018
The latter just in time for me to keep working forever. Fortunately the Millennials aren't having babies so yeah there's no fortunately here. https://t.co/lgAjy9Gobk
— (((≠))) (@ThomasHCrown) June 5, 2018
Medicare for all! Don't worry, we'll make it up in volume! https://t.co/T4kcPnuT9Z
— Drew McCoy (@_Drew_McCoy_) June 5, 2018
The wait is over.
The instant accusations will be directed toward the new tax legislation
— Chris Hynes (@realchrishynes) June 5, 2018
Here you go:
Ah yes but multi billionaires got a tax break. ?
— Papaschase (@patriciaannmcd2) June 5, 2018
Not government – the huge #GOPTaxScam that filled the pockets of millionaires and billionaires
— Jacquie (@MTorganizer) June 5, 2018
Answer: more tax cuts for the top one percent!
— Michael Woods (@Woodsy1069) June 5, 2018
Hurry! More tax cuts for the billionaires!
— ʟᴀᴜʀᴀ sᴄᴏᴛᴛ (@lauras) June 5, 2018
It's fine. The Republicans passed tax cuts so that extra $27 per paycheck should cover it.
— LCL413 (@lcl413) June 5, 2018
Sure glad we did those tax cuts! eye roll. #goptaxscam
— Alexandra (@qantasbird) June 5, 2018
Gee, I wonder if trillion dollar tax cuts had anything to do with it.
— Jack Rustler (@Greg_Coogan) June 5, 2018
Oh, shut up.