Medicaid, Medicare, Social Security.
Oh Bull, SS has been working for over 75 years. And it's been working very well. I guess you are one of those Americans that haven't taken the time to find out about the program. But don't blame SS for your laziness.
Social Security Will Begin Going Broke This Year, Congress Warned
Actuaries Report 2010: Social Security Insolvency May Occur Sooner Than Predicted | Pax Americana Institute
Yeah. Sounds like it's working great.
Naturally you found the most conservative websites you could find. But it doesn't sound like SS isn't working...it sounds like they are trying to scare you at some point in the future. SS does need to be tweeked. I never said anything different. But there are people that think that by raising the cap it will bring in enough money to cover those heavy years until the next boom generation gets to working age.
Social Security
Social Security expenditures exceeded the programs non-interest income in 2010 for the first time since 1983. The $49 billion deficit last year (excluding interest income) and $46 billion projected deficit in 2011 are in large part due to the weakened economy and to downward income adjustments that correct for excess payroll tax revenue credited to the trust funds in earlier years. This deficit is expected to shrink to about $20 billion for years 2012-2014 as the economy strengthens. After 2014, cash deficits are expected to grow rapidly as the number of beneficiaries continues to grow at a substantially faster rate than the number of covered workers. Through 2022, the annual cash deficits will be made up by redeeming trust fund assets from the General Fund of the Treasury. Because these redemptions will be less than interest earnings, trust fund balances will continue to grow. After 2022, trust fund assets will be redeemed in amounts that exceed interest earnings until trust fund reserves are exhausted in 2036, one year earlier than was projected last year. Thereafter, tax income would be sufficient to pay only about three-quarters of scheduled benefits through 2085.
Under current projections, the annual cost of Social Security benefits expressed as a share of workers taxable wages will grow rapidly from 11-1/2 percent in 2007, the last pre-recession year, to roughly 17 percent in 2035, and will then dip slightly before commencing a slow upward march after 2050. Costs display a slightly different pattern when expressed as a share of GDP. Program costs equaled roughly 4.2 percent of GDP in 2007, and are projected to increase gradually to 6.2 percent of GDP in 2035 and then decline to about 6.0 percent of GDP by 2050 and remain at about that level.
The projected 75-year actuarial deficit for the combined Old-Age and Survivors Insurance and Disability Insurance (OASDI) Trust Funds is 2.22 percent of taxable payroll, up from 1.92 percent projected in last years report. This deficit amounts to 17 percent of tax receipts, and 14 percent of program outlays.
The 0.30 percentage point increase in the OASDI actuarial deficit and the one-year advance in the exhaustion date for the combined trust funds primarily reflects lower estimates for death rates at advanced ages, a slower economic recovery than was assumed last year, and the one-year advance of the valuation period from 2010-2084 to 2011-2085.
While the combined OASDI program continues to fail the long-range test of close actuarial balance, it does satisfy the conditions for short-range financial adequacy. Combined trust fund assets are projected to exceed one years projected benefit payments for more than ten years, through to 2035. However, the Disability Insurance (DI) program satisfies neither the long-range nor short-range tests for financial adequacy. DI costs have exceeded non-interest income since 2005 and trust fund exhaustion is projected for 2018; thus changes to improve the financial status of the DI program are needed soon.
Trustees Report Summary
I did not copy anything to do with the medical parts of the programs as I don't know enough about it to comment. I know as much about that as you do about SS.