A Guide to Fixing Social Security, Medicare, and Medicaid
Publication Date: March 2008
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Brian M. Riedl
Research Area: Economics
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.
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