Medicare, Social Security Fix Not Easy By TOM RAUM, AP posted: 15 HOURS 25 MINUTES AGOPrintShareText SizeAAAWASHINGTON (May 24) - There is no easy fix. Medicare and Social Security will go broke sooner rather than later because of the recession. With millions of baby boomers beginning to leave the work force, the cost of these popular benefit programs threatens to swamp the government in debt in the coming years if nothing is done. Congress and the White House are under increasing pressure to find a solution. One proposal gaining steam is a creating bipartisan commission to tackle the approaching insolvency of the government's three big "entitlement" programs: Social Security, Medicare and Medicaid. Everything would be on the table, including tax increases and benefit cuts. The commission would produce a "grand bargain" package of recommendations that Congress could accept or reject in total. Medicare, Social Security Fix Not Easy - AOL Money & Finance While the solutions for fixing these programs are not for the faint of heart, it would be nice to see our elected representatives, in a bipartisan effort, actually begin to work on finding a solution. These three programs are the biggest challenge facing the Federal Government, and it is time to finally address them as being the most important issues that we now face. There is no doubt that the final solution will have to involve a reduction of benefits as well as some type of tax increase. Reduction of benefits is the easy part, as that can be accomplished in most part by raising the age at which everyone begins to receive benefits. Raising taxes is a bit more problematic, but it will also certainly prove necessary. Limiting any tax increase though, is key. Raising taxes cannot be the sole solution. The bulk of the solution must come with a reduction in benefits. Whatever the final solution, the most important issue is that discussion begins and that Dems and Republicans actually work on this in a manner that leads to developing real answers, and not pie in the sky lies that will leave future generations holding the bag.