Media Contact:
Victoria Coley 433.758.6077 victoria@thepublicnotice.org

MORE EVIDENCE THAT CONGRESS MUST ACT NOW
TO SUSTAIN SOCIAL SECURITY AND MEDICARE FOR FUTURE GENERATIONS

ARLINGTON, VA – The trustees who oversee Social Security and Medicare today released reports with timetables projecting when these programs will run out of funds.  The trustees continue to suggest that Medicare will run out in 2024, as projected last year, but now predict Social Security will run dry in 2035, three years sooner than was previously predicted.

The trustees stated that the path to insolvency for both programs is inevitable if Congress does not act.  Experts suggested that the longer Congress waits to reform these programs, the harder it will be to sustain them in the future.

Gretchen Hamel, executive director of Public Notice, said:

“Today’s report is more evidence that Congress needs to get their act together and do the job they’ve been sent to Washington to do – govern.”

“The American people deserve to know that their elected officials are working together to prevent a massive crisis like the insolvency of Medicare and Social Security.”

“It’s time for Congress to start making the tough decisions and stop pointing fingers.  The American people need to have confidence that the economy is on a sustained path of growth and that these programs are available to all who need them further down the road.”

For more information visit www.bankruptingamerica.org
To schedule an interview with Gretchen Hamel contact Victoria Coley 443.758.6077 victoria@thepublicnoitce.org

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Public Notice is an independent, nonpartisan, non-profit, 501(c)(4) organization dedicated to providing the facts and insights on the effects public policy has on Americans’ financial well-being.