The Social Security Squeeze Can Be Solved

The footsteps of an aging America are hard to ignore, especially with daily alarms ringing over the federal government's debt and deficit. The leading edge of the baby boom generation is reaching its retirement years and at the core of the long-term fiscal challenge lie the three main entitlement programs, Social Security, Medicare, and Medicaid. (The other main spending items weighing on the fiscal ledger are defense and interest on the debt.) Spending on entitlements is growing faster than the economy and revenues.

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