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A Guide to Fixing Social Security, Medicare, and Medicaid

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Publication Date: March 2008

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Brian M. Riedl

Series: Backgrounder

Topic: Economics (Economic policy, planning, and development)

Keywords: Budget; entitlements; federal spending; Federal Budget

Type: Report

Coverage: United States

Abstract:

Unless lawmakers promptly reform Social Security, Medicare, and Medicaid, America faces a future of soaring taxes and government spending that will cause poor economic performance. Americans will pay onerous taxes, and future generations will have lower living standards than Americans enjoy today. The longer lawmakers wait to enact the necessary reforms, the more painful those reforms will be.