Whenever we hear talk of the solvency of the “Social Security trust fund,” we’re not sure if we should laugh or cry.  Consider today’s New York Times headline: “Recession Drains Social Security and Medicare.”

The Times writes, “the Medicare fund that pays hospital bills for older Americans is expected to run out of money in 2017, two years sooner than projected last year.  The Social Security trust fund will be exhausted in 2037, four years earlier than predicted…” Read the rest of this entry »