Only a rebounding private sector can prolong the insolvency of Medicare and Social Security.

When George Bush talked about Social Security going broke five years ago, liberal democrats accused Bush of "fear mongering". Well it looks like democrats can no longer deny nor shield the ugly truth under this recession. Two of their grand social programs are going broke faster then the experts expected them too. This year's Social Security report projects that the trust fund will be exhausted in 2037 and Medicare could go broke as soon as 2017. The insolvency dates have been pushed up a year for both programs due to the recession. The government is collecting less and less tax revenues to pay into the system. This presents an interesting problem for the magic teleprompter. The amount of older people that will start drawing Social Security is going to continue to rise as the baby boomers continue to reach retirement age. Since the contributors are paying in less due to the amount of people out of work, how is little Barry going to work out aka fudge the numbers? Even when the economy was firing on all cylinders, Social Security and Medicare was still going broke. The programs just weren't going broke at the rate they are now. If the economy continues to get worse, the two programs insolvency date will continue to be pushed up that much sooner. Since Obama really doesn't care about reviving the private sector, it looks like the unthinkable to some my just happen after all.